In the event of a bearish BTC dropping to 5k levels, LTC gets absolutely rekd - easily getting crushed at least 20% more than BTC. This would land LTC in the $70 USD range, which is where i am placing my buy limit orders.
Komen:
LTC/USD daily chart - initial support found at the 1.272 bearish fib extension
Komen:
BTC/USD daily chart - This should be a good temporary support level, however, bearish momentum still gripping the market, and low vol has bulls feeling nervous.
