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Lorenz_Capital

LTC/BTC Bearish H&S

Litecoin / Bitcoin (BITFINEX:LTCBTC)  
Lorenz_Capital Updated   
BITFINEX:LTCBTC   Litecoin / Bitcoin
Trend Analysis Cryptocurrency Litecoin (Cryptocurrency) cryptotrader
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trendanalysis cryptocurrency litecoin cryptotrader
In the event of a bearish BTC dropping to 5k levels, LTC gets absolutely rekd - easily getting crushed at least 20% more than BTC. This would land LTC in the $70 USD range, which is where i am placing my buy limit orders.

Comment:
LTC/USD daily chart - initial support found at the 1.272 bearish fib extension

snapshot
Comment:
BTC/USD daily chart - This should be a good temporary support level, however, bearish momentum still gripping the market, and low vol has bulls feeling nervous.

snapshot

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