Correlation to BTC is strong as we are following the same pattern.
We had a 4 hour inside bar bear break which gave the heads up for an $8 drop.
Now the bulls must form a 4 hour higher low to try and recovery back to the high of the bounce yesterday.
We will likely only see this follow through if it does with BTC as well.
Momentum is with the bears and it is up to the bulls to PROVE their strength with a morning recovery.
Currently the weakest of the big 3 and this correlation will only change if there is volume,
and there will likely only be a volume spike specific to LTC with news.
We had a 4 hour inside bar bear break which gave the heads up for an $8 drop.
Now the bulls must form a 4 hour higher low to try and recovery back to the high of the bounce yesterday.
We will likely only see this follow through if it does with BTC as well.
Momentum is with the bears and it is up to the bulls to PROVE their strength with a morning recovery.
Currently the weakest of the big 3 and this correlation will only change if there is volume,
and there will likely only be a volume spike specific to LTC with news.
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