Oakeso1

LTC holding near support as BTC declines

Long
COINBASE:LTCUSD   Litecoin
So we see BTC drifting down in the last hour to almost 45K. LTC has drifted down as well but not much below support at 300. Will BTC hold support at the 45K level or slide lower still? If it goes lower, I think we could see LTC slip lower still, but for now I continue to see 300 as a good support level, even if it goes a bit lower. If, however, BTC or the market in general takes a serious crash then all bets are off. However, if BTC levels off at 45K and moves higher, then considering that LTC is holding so well near the 300 support level, we could see a quick move up if that takes place. Lastly, I have seen this happen again and again on Sundays - a drop during the day, and then a rebound Sunday night into Monday. That doesnt mean it will happen the same way tonight, but still. In any case, I still think LTC would be a good long term bet and if it does go down much below 300, I would be looking for buy opportunities. Let's see what happens tonight and if we get that Sunday night rebound I have seen so many times. As always, I value all opinions
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