JBeardsly

BTC LTC Downward Channel, To Boucne At Which Support...

BITFINEX:LTCBTC   Litecoin/Bitcoin
While BTC LTC is heading downwards, we can see the channel and subchannels that the pair has traded within and has hit and reacted to each suport (dotted lines). While BTC and LTC are both respectively heading down, I expect to see this also continue until it something gives and we go the other way. Not sure where the bottom is, but will be keeping in mind thoes support levels as we continue down waiting for some sign that the channel is no longer in control...But until then, Enjoy this handy reference and Happy Trading!
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