LTCBTC has been holding quite strong despite how other coins have seriously dropped in prices. However, this coin has the potential to fall more based on some little technical studies.
We found this analysis on two measurements.
1. The 38% and 50% Fibonacci retracement levels: You will notice a support and resistance were formed at 0.00759 and 0.00985 on the...
The weekly timeframe seems to clearly show where the sellers are pushing the price of Bitcoin to. Or are we going to have a retracement to test the $5000 resistance area at the end of this week, as the RSI approaches the oversold region? Please share your ideas?