TheChartGuys

LTC Bulls at the Mercy of BTC

COINBASE:LTCUSD   Litecoin / Dollar
Correlation to BTC             is strong as we are following the same pattern.
We had a 4 hour inside bar bear break which gave the heads up for an $8 drop.
Now the bulls must form a 4 hour higher low to try and recovery back to the high of the bounce yesterday.
We will likely only see this follow through if it does with BTC             as well.
Momentum is with the bears and it is up to the bulls to PROVE their strength with a morning recovery.
Currently the weakest of the big 3 and this correlation will only change if there is volume ,
and there will likely only be a volume spike specific to LTC with news.
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