LTCUSD is closing to the lower trend-line on a downwards trend. In this regard, LTC should bounce back up to test the resistance of the trend. However, due to the current movements of BTC and other Altcoins, the risk involved in going long on this pair now is rather high, thanks to the uncertainty created by the news.
For the moment this is what the technical analysis indicates, but Litecoin may create another low no matter the trend.
Do you believe LTC can bounce back despite the recent drop of BTC?
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Litecoint prediction was correct, the area to bounce was spot on and the price poped down from it. Make sure you follow for more signals