It hasn’t been a good week for bitcoin or litecoin. Big brother had a sharp retracement from $462 to $435 dollars while LTC retreated from $4.19 to $3.61 dollars per coin. After that wild ride, the past few days have been range-bound for the two major crypto-currencies.
Bitcoin Waiting for Direction
Bitcoin is waiting for its next directional move. The April move higher topped out at $462 dollars. From here we retraced to $435 dollars. Post that mini crash both BTC and LTC has been more or less unchanged. What’s next for bitcoin?
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