LTC has broken blue line support on its way up and will likely retest the supports down below.
Why LTC? Some alt coins already headed down. For instance NEO has taken a harder blow and went further down towards the support.
My guess is that LTC is just delaying the dump at this point, but it has a lot of room to go down.
There is a certain risk with this trade, as every trader closely watches bitcoin, which just did a massive rally.
However, BTC seems to continue moving sideways, allowing altcoins to do their own thing.
Why LTC? Some alt coins already headed down. For instance NEO has taken a harder blow and went further down towards the support.
My guess is that LTC is just delaying the dump at this point, but it has a lot of room to go down.
There is a certain risk with this trade, as every trader closely watches bitcoin, which just did a massive rally.
However, BTC seems to continue moving sideways, allowing altcoins to do their own thing.