Litecoin was an early runner. It initiated the flow of money into the market and as soon as LTC stabilized near the top distribution phase started. When LTC is distributed there is no other reason to return to the highs. Sells occured on bigger players, profit was taken, short positions was opened, so next phase is on the way- DOWNTREND.
Possible projection on chart. Inability to make a higher high after rejection of the top of the range is going to lead to a test of the EQ of the range. 0.016315 will be a crucial level to trade as a high probability short area.
-VIP trade calls
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