Nilles

SORRY BULLS, LTC to $55 here's why.

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Since LTC did not manage to break ~$108 resistance it broke down and found support at ~$88. I expect a quick wick testing the $95 area again before plummeting down and touching the trendline for the third time. A little pullback higher can be expected from that point. Since there's actually no fundementals supporting this bullish momentum it will die as quick as it came and tanking LTC back to the $51-$58 zone (sorry bulls).

Same goes for BTC , high $3000 or low $4000 will be tested soon.

Let me know what you think!
Boy were you wrong lol
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well that wasn't a "quick wick" Looks supported. I was expecting more down but this may have more to it than I hoped. right shoulder just needs down for confirmation.
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Nilles cryptohop
@cryptohop, I agree, hoping for the right shoulder to unfold. BTC weekly closing below 0.786 fib points out it probably will.
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