Crypto markets have continued to trade under pressure during the past two days. While bitcoin is slightly up compared to Tuesday at $282 per coin, both Litecoin and Peercoin continue to trade near two year lows.
Litecoin Unchanged, Still Weak
Alternative cryptocurrency Litecoin is still weak, with prices quoted at $2.02. This means that, measured from its breakout point, LTC is now trading below the 23.6 percent mark, the lowest of the Fibonacci retracements. In percentage terms, this amounts to just 6 percent above $1.8999, which is the two year low for Litecoin. The anaemic rebound in LTC/USD spells trouble for the bulls.
Read more..https://blog.fxopen.com/litecoin-peercoin-continue-to-trade-near-two-year-lows/