Litecoin(LTC): Full Breakdown or Not?
Updated
LTC has caught our attention here with two possible scenarios.
First one: Wait for breakdown to happen from trend and let bears secure it. From there, we might get a nice opportunity to short this coin!
Second one: Wait for the price to reach upper resistance and see how the market price will react to this zone; potential weakness might be shown there!
Which one are you waiting for the most?
Swallow Team
First one: Wait for breakdown to happen from trend and let bears secure it. From there, we might get a nice opportunity to short this coin!
Second one: Wait for the price to reach upper resistance and see how the market price will react to this zone; potential weakness might be shown there!
Which one are you waiting for the most?
Swallow Team
Comment
LTC had broken the 200EMA and is currently pushing to higher zones. We are monitoring this coin for a potential touch to the upper zones, from where on we will be looking for a short position!
Comment
Coin did a nice fakeout, which indicated the overweight of bears (resulting in a breakdown of the trend).
Coin has a clean breakdown and is now moving towards lower zones here. $63 would be touched, most likely!
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