LTC to .008?
LTC below Kelt Basis and middle BB, suggesting a fall to the lower kelt and even lower BB at .008 as imminent over the course of the next few months
When an alt coin is falling like that in its relation to bitcoin we can assume 2 things:
1) Bitcoin is falling, but LTC is falling faster
2) Bitcoin is gaining quickly & LTC is not keeping up
With recent market conditions I assume the former, however the good news is the biggest jumps for LTC have come after the biggest dumps of LTCBTC
When an alt coin is falling like that in its relation to bitcoin we can assume 2 things:
1) Bitcoin is falling, but LTC is falling faster
2) Bitcoin is gaining quickly & LTC is not keeping up
With recent market conditions I assume the former, however the good news is the biggest jumps for LTC have come after the biggest dumps of LTCBTC
Eric Thies
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