seventhwhiskey

BTC moves the market, as usual.

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
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BTC still getting crushed, but just a continuation of overall bear market since mid-December. All Alts getting killed as well, LTC shown in comparison on a 1-day chart. If following average trend from pre-October on BTC , we could see $5500 in the next 30 days, though if the trend line off the early February low of $5920 holds BTC may stop bleeding in the $7400-$7600 range. LTC may see a small support around $150, but past that we could get a deal for it at or below $100 if BTC dives for the bottom. The latter scenario not incredibly likely as BTC and LTC are fairly well linked at the moment, so a sub-100 LTC would mean BTC at $5300. Waiting through at least Monday to pick up anything on sale, maybe longer if there aren't any signs of recovery.
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