Mihai_Iacob

Litecoin- Drop to 40 by year's end, if not even sooner?

Short
COINBASE:LTCUSD   Litecoin
After the "halving" sell the news and the false break above 100 figure, Litecoin dropped like a stone and at this moment is trading back to important 60 zone support.
The structure is extremely bearish and considering the overall sentiment for the crypto market, I expect a break under this support.
I'm looking to sell above 70 if it even has the power to rise there with a target in last year's low at 40.

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