#LITECOIN/#BITCOIN: CRITICAL LEVELS ON LONG TERM CHART!
On weekly chart #ltcbtc prices is very near to critical support levels. 0.00603 btc level is historycally horizontal support levels.If prices fall down next support 0.00600.However, after this price, following supports will be very low (eg 0.0035).
On long term chart, ltcbtc price continues to move in the falling channel.You can observe that the channel midpoints have been tested very well before. And nowadays, prices are under the midpoint of the falling channel. StochRSI, which is the indicator of RSI, has started to give sell signal once again last week. This means that, RSI will probably continue to fall as time passes.
To sum up, if the price of ltcbtc fall down from 0.00600 it will be very bad for this #altcoin.
On long term chart, ltcbtc price continues to move in the falling channel.You can observe that the channel midpoints have been tested very well before. And nowadays, prices are under the midpoint of the falling channel. StochRSI, which is the indicator of RSI, has started to give sell signal once again last week. This means that, RSI will probably continue to fall as time passes.
To sum up, if the price of ltcbtc fall down from 0.00600 it will be very bad for this #altcoin.