BITFINEX:LTCUSD   Litecoin / U.S. Dollar
The LTC is sitting in the key zone.
The breakthrough below the zone in the past decided to sink to the bottom.
With the loss of this zone a possible decrease to support around 50 USD and in the extreme case with the loss of this support a possible repetition of the bull run 2018 pattern.





Not the financial board.
Just for fun.
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Comment:
On Friday the 13th, this day I was expecting a correction, so it is possible that the market maker will take advantage of fear and send it up (eliminate short positions and test some support from below).
Otherwise, the direction is still down.
Comment:
This plan predicted the possibility of a repeat of the 2018 pattern, we are at the point where we will soon learn the truth.

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The market maker plays cat and mouse with the traders. The reason is simple, the liquidation of positions is a big income for exchanges, it's just a matter of not being fooled too often.

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There can be many patterns going on in the range that will be subsequently invalidated.
The complete pattern looks like a bear flag, if it starts to play, then the bears will focus on the area above $20.

Only a valid close above the short zone can reverse the situation.
Comment:
Watch out for the Fakeout option that I also warned about in the $100 area.
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Fakeout on LTC went higher than I expected, can it go higher? Yes, if the FOMO is strong enough, the big players will be happy to distribute at even more profit than the current +100%.
Has LTC bottomed out and is now going To the Moon? No
Comment:
A bit of divination for LTC.
It is true that I did not anticipate this increase, but if it is confirmed that it was a fakeout, it is difficult to estimate.
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