There have been a lot of developments in the past week, since our last update on BTC/LTC. Bitcoin finally broke out of its range yesterday and hit a low of $222.23 today. Meanwhile Litecoin started its downmove one day earlier on May 31st, by losing close to 10 percent. But let’s start with big brother first.
Bitcoin Breaks $230 Dollars
After spending the entire last month of May tucked in a range, bitcoin finally broke out yesterday. The break of support at $230 dollars led to a more lower to $222.23 today. So far no large losses have transpired and we are currently quoted at $226.39, just $4 dollars below the previous support.
Read More https://blog.fxopen.com/bitcoin-breaks-230-litecoin-reverses-most-gains/