The price bounces from the uptrend line. RSI confirms price reversal. We can try to catch possible upward movement. Pending orders for buy must be placed above 4325.00 level. Stop orders must be below the uptrend line and the local swing low. It's 4134.00 level. Profit target should be at 4500.00 level.
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The price breaks the uptrend line. We should be ready to see further downward movement to 4000.00 level at least.
@TizianoB, I think it will actually go up, just that the overall rise will be muted by bitcoin cash. It do think long term litecoin has a major problem though.
trkdxb
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I guess that was a wrong call :)
MoeProblems
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Hit 4000 and bouncing back up. Is it possible we could see 4500 levels still?
@vrantanen, Yeah, I was way ahead of myself. Pretty much anything can happen.
Vypr
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Bitcoin is going to be negatively impacted by Bitmain's pushing Bitcoin cash. Long term they want to replace BTC and you see the first hard salvo today. Litecoin is also at major risk. LTC is also in trouble because of recent comments by Charlie Lee about the project and his vision for it. BCC is going to cause significant instability to BTC and LTC through the rest of the year, and potentially suck money that otherwise would have gone to or is currently in, both of them.
jorge964
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@Vypr, could you point us to those recent comments by Charlie Lee? I checked his twitter and searched coindesk and couldn't find it.