As Bitcoin was dipping to its lowest in the last few hours, I saw LTC first slow, and then stop its descent at just under 300, even as BTC continued to drop. I was expecting to see it follow BTC down as far as it would go. But I watched it grind to a stop and actually start to rise as BTC slid further down. To me, this was a significant development and a sign of serious support at 300. Now, we will see what the rest of the weekend brings. But I admit that this show of support at 300 and a nascent divergence from BTC has me excited. It's time for LTC to leave BTC behind and chart it's own path. Im changing from a short to a neutral, only because weekends can be so unpredictable. But I'm close to pulling the trigger on a long position after this show of support and BTC divergence from LTC. That's my opinion, and I welcome any thoughts, ideas, or opinions. If you disagree with me, even more so.
My apologies for the bad chart. Having problems with my internet connection and its screwing me up. Just compare the 2 hour charts between LTC and BTC to see what I mean.