Once again, we're witnessing strong bearish signals in the LTC/USD market. The price has consistently found support around the monthly pivot point (PP), indicating its significance. If the weekly pivot point also proves to be a reliable support level, we could see a bullish continuation. However, failure to hold at the weekly PP might lead to further downward movement.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.