BTC will most likely follow a typical pattern of rallying right after death cross occurs. Then the trend should continue down to next major resistance point around 6400.
So Litecoin is still within downtrend channel and is very close to breaking 50 day MA as support. My opinion is Litecoin drops to next support level of around 43 before testing support at top of channel again. Once rejected at top of channel I believe it drops to low 30's where is will find Major support and the overall lifetime bottom support. From there I...
Don't underestimate the power of the Death Cross. Fundamentals and history are not looking good short and medium term for Bitcoin. Bitcoin will need to make a HUGE rally to avoid a bad scenario at this point.
