Hi! I would like to share my thoughts about LTCBTC ratio. As we can saw in 2016 LTCBTC ration broked two major historical support level at 0,0078-0,0085btc and 0,0053-0,006btc. And it did this with low trading volume without any resistance by bulls. At the end of the 2016 this crash was slowed by promise of fast segwit activation. But soon became clear that these promises does not attract new investors in Litecoin. So crash continue and very possible that last frontier 0,0022-0,0025 will be interrupted soon because there are no support with big amount of money at these levels. No btc, no CNY, no USD support. Also LTC has no fundamental reasons for stop this crash. No real development, no promotion. Only copy paste bitcoin code, promises, twitter trolling and wails on reddit.
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Bitcoin took a breather. So litecoins falling stopped for a little time. Do not entertain hopes! Once Bitcoin will start to grow again, then LTC will continue to failling.
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First target for 1-2 weeks is 0,0027btc.
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Bitcoin ETF Hype was failing. So, LTCBTC dropping may take a pause for some weeks. But there is no reason for growing higher than 0,0042.
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Correction was over. Next week will bearish.
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