LTC - is it finally diverging from BTC?
As Bitcoin was dipping to its lowest in the last few hours, I saw LTC first slow, and then stop its descent at just under 300, even as BTC continued to drop. I was expecting to see it follow BTC down as far as it would go. But I watched it grind to a stop and actually start to rise as BTC slid further down. To me, this was a significant development and a sign of serious support at 300. Now, we will see what the rest of the weekend brings. But I admit that this show of support at 300 and a nascent divergence from BTC has me excited. It's time for LTC to leave BTC behind and chart it's own path. Im changing from a short to a neutral, only because weekends can be so unpredictable. But I'm close to pulling the trigger on a long position after this show of support and BTC divergence from LTC. That's my opinion, and I welcome any thoughts, ideas, or opinions. If you disagree with me, even more so.
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