LTC's massive descending channel = massive breakdown to ATL
LTC is trading in a very large descending triangle which in theory is bearish. If the support on the bottom of this channel does not hold, which has already been tested more than 10 times on the 4hr indicating that it is losing its strength with every test. This might be the last time this support can keep LTC here and if LTC breaks this support and trades lower we can see it reach All Time Lows which is not something you want to see for alts.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.