The blue line used to be the support zone and the green line used to be the resistance. Since support broke they flip flopped and price is steadily going down following the resistance. For those of you that thought $50 was a good entry point you should probably rethink that again.
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I have an idea. I will buy Litecoin when (not if) it gets to sub 20. What is your price target?
I dont think this is correct. We've been inside the 50-60 dollar channel for a while now, in essence going sideways. We've not broken the 50 dollar support nor the as it stands 56 dollar and 60 dollar resistance. Zoom out a bit.
trashpanda19
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@thomasbibb, yes those lines were drawn from the larger scale chart. I just wanted to zoom it in the current section because it shows an important crossover.
trashpanda19
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Also there is no such thing as $50 support zone. That's made up numbers for people to feel good about their buys. And when the supports are broken they keep changing the configuration of the wedge showing new supports.
If ETH go to 15$( all indicators pointing to that) LTC to 2 $