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Crypto Action Update by ricjames

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steem · @ricjames ·
$2.45
Crypto Action Update
Well it has just broken through and starting another major drop down.  I will show the charts of BTC and LTC as comparisons.  

Litecoin:
![www.tradingview.png](https://steemitimages.com/DQmfE9Bbz6z5UtURpnxNNTq8YfThQzcGYi9vw3k8hdwD3eP/www.tradingview.png)

It broke through a major support line and consolidated up to that line and just broke through its consolidation pattern look for a significant move downward until it hits its next support area.  

Bitcoin:
![www.tradingview.png](https://steemitimages.com/DQmPRqLJVgKASaJuUF7cx6ZidxGeZpnk2dmmHhB91aBwCit/www.tradingview.png)

Now with Bitcoin we have seen two breakouts underneath that support now resistance line.  That yellow line was a VERY important trendline so expect to see a significant move downward.  

If you want my full analysis of LTC check out my previous post:
https://steemit.com/steem/@ricjames/litecoin-analysis-and-projections
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