Art_of_Trading

LITECOIN: Who Controls the Price - Bears or Bulls?

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
The Litecoin is at the key area. The question is who will get control of the price at that support level , bears of bulls? There are two potential scenarios. If the support holds, it means the bulls are taking control of the price and more buying orders would be expected. If the price breaks that key level, then bears will push the price down and the previous buyers will liquidate their positions, which will create the additional selling momentum.
Looks like bears this week :-)
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