Right now LTC is below a key support level of $150 and has a 40%+ fall between here and 12.4.2021 low.
The crypto market trend is clear for now, some may call it a range war but it is trending down.
I have set my 24 hour profit prediction zone for this short I have opened at $153.46 and $146.55.
I will take some profits in the middle to lower part of that highlighted zone.
LTC below $150, 200 DEMA below $150 = bearish short term outlook for LTC which has a long way to correct.
I do suspect that we are in the denial phase of market psychology so you will possibly see some false breakouts.
Many feel that the price is at a "discount" and are providing enough upward pressure to keep it afloat for now. IMO the green hours are looking very weak.
I expect LTC to revisit $80-90 zone within one week.
The crypto market trend is clear for now, some may call it a range war but it is trending down.
I have set my 24 hour profit prediction zone for this short I have opened at $153.46 and $146.55.
I will take some profits in the middle to lower part of that highlighted zone.
LTC below $150, 200 DEMA below $150 = bearish short term outlook for LTC which has a long way to correct.
I do suspect that we are in the denial phase of market psychology so you will possibly see some false breakouts.
Many feel that the price is at a "discount" and are providing enough upward pressure to keep it afloat for now. IMO the green hours are looking very weak.
I expect LTC to revisit $80-90 zone within one week.