Litecoin
Yesterday, I advised our readers to sell Litecoin at $3.50, and did Litecoin show a double top by touching $3.80?
Those who have followed my advice will be able to close the deal with a profit at $3.40. Most likely, this will happen this week, because now the price is rolling down from $3.60. Congratulations to those who sold their coins today for $3.80. This level is significant as an important achievement of Bitcoin price of $380, and as the descent from 0.01 ratio between LTC/BTC pair. How deep will the descent be? It was 0.99 LTC/BTC yesterday and 0.95 LTC/BTC today.
But why is it happening? It's simple: Bitcoin is growing, so it becomes more profitable, and Litecoin miners more lickely to switch to Bitcoin as their primary focus. The same situation can be observed with DASH, where it manifests even stronger.
DASH
Even without looking at the DASH chart, you can immediately understand that it’s falling just as Bitcoin was reaching new heights yesterday. I can close my eyes and tell you that it’s plummeting.
