Litecoin smoothly slides down. Litecoin buyers try to keep its rate near a zone of $ 120 - $ 116. But, we follow the trend, so we are on the side of the bears for now.
Priority of the day: sell LTCUSD with a target of $ 112.
Litecoin may be corrected to the zone: $ 132 - $ 128. We will wait for the best price for a short Litecoin deal, following the trading plan.
Projected scenarios:
1. Sell LTCUSD from $ 128 to $ 112.
2. Let's wait for the correction upwards to our entry zone of $ 132 - $ 128 to end. If buyers of Litecoin will not appear, and we will not see bigger volumes on purchase, then we will search for an entry point for a short position.
Alternative scenario:
LTCUSD can jump up sharply, on large volumes, to $ 136 - $ 140. If this happens, we will see the strength of the bulls, and change our trading plan.
Priority of the day: sell LTCUSD with a target of $ 112.
Litecoin may be corrected to the zone: $ 132 - $ 128. We will wait for the best price for a short Litecoin deal, following the trading plan.
Projected scenarios:
1. Sell LTCUSD from $ 128 to $ 112.
2. Let's wait for the correction upwards to our entry zone of $ 132 - $ 128 to end. If buyers of Litecoin will not appear, and we will not see bigger volumes on purchase, then we will search for an entry point for a short position.
Alternative scenario:
LTCUSD can jump up sharply, on large volumes, to $ 136 - $ 140. If this happens, we will see the strength of the bulls, and change our trading plan.