The old Ats are dormant while new alts have Xed many time. LTC market cap is down to a 3rd of its all time high. It seems that the old Alts are in trouble and some new Alts like Tezos, Theta and Zilliqa can takeover their dominance.
Technically, LTC is in a falling wedge within it a descending channel. Price is squeezed by the 100 daily ema and support and will reach resistance of both the falling wedge and the descending channel. Breakdown of price is the likeliest action as price has been weak and volume dropping. And LTC has taken the nature of stairway up and elevator down.
Estimates of the bottom at $14 by August. I put a fractal that shows a break out of the falling wedge and a parabolic run. Personally I am pessimistic with the outcome of LTC and I feel it will be delisted.
Technically, LTC is in a falling wedge within it a descending channel. Price is squeezed by the 100 daily ema and support and will reach resistance of both the falling wedge and the descending channel. Breakdown of price is the likeliest action as price has been weak and volume dropping. And LTC has taken the nature of stairway up and elevator down.
Estimates of the bottom at $14 by August. I put a fractal that shows a break out of the falling wedge and a parabolic run. Personally I am pessimistic with the outcome of LTC and I feel it will be delisted.
