Litecoin vs Bitcoin has bearishly crossed the 50EMA which is a sign of trend reversal. The last significant bearish break of the 50EMA resulted in a 63% decrease.
Since the last bullish cross of the 50EMA, at most we saw a 130% increase in Litecoin vs Bitcoin and following the trade rules, the trade closed for 76% profit.
Trade with the trend.
Areas of support...
Pretty sure we're now in Descending Triangle (bearish) as opposed to Falling Wedge (bullish).
If $6.1k breaks, there's only one line of support before we're hitting $4.9k.
Only saving grace is the green diagonal support that has held up so far (even today).
There's only so long that Bitcoin can keep making lower highs before we get a decisive break.