LTC/USD Drop below $50 as Altcoins Trend Snap Back to Bearish

Unexpectedly, altcoins are sinking lower hitting stops as previous bull expectations fade. All in all, it’s likely that LTC/USD pair is now trading below the all-important support. Should today edge lower then we expect bears to pick up and drive prices towards $30 as TRX/USD, EOS/USD and XMR/USD pairs follow suit.
Let’s have a look at these charts
EOS/USD Price AnalysisThe BTC–Altcoin relationship is clear in this pair. Following a two percent drop in BTC prices, EOS slid a ma