BITSTAMP:LTCBTC   Litecoin / Bitcoin
12/27/18 at 7:40am eastern time

Looking at Fib numbers for the LTC/BTC graph we appear to have retraced back 50% of the most recent trend and bounced off a support line. RSI suggests that we will most likely drop back to this support line before we see any upward movement as it is currently suggesting that LTC is oversold. With this in mind, there's evidence to suggest that we will hit this support line and potentially use it to bounce off. Keeping an eye on LTC volume over the next few days will be critical in determining if this support will be able to hold.
What do you think now
Balas
Interesting Bittrex Graph is very close to yours, support level at the 0.01700000 level volumes are critical to hold I agree however BTC strenght will also impact which way this will go. So weak BTC more likley a break out to the upper level. Strong BTC low volume support line will fail.
Balas
@smijas, oh definitely agree with BTC being a major factor in how this holds out. LTC has been one of the stronger coins in terms of being able to hold out (stabilize for the most part) against BTC's aggressive up trends but there's still a strong relationship there that can not be ignored.
Balas
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