Litecoin fell in price. Litecoin buyers tried to support its rate near a level of $ 118. But, the volume for the purchase of Litecoin is small, so today we are on the side of bears.
Priority of the day: sell LTCUSD for $ 116.
After such a swift fall, Litecoin can take a lateral move in the zone: $ 122 - $ 117.
Projected scenarios:
1. Sell LTCUSD from $ 126 to $ 116.
2. You may have to wait today during flat.
An alternative scenario:
LTCUSD can be supported by buyers near $ 118 - $ 116. If there are large volumes in this zone for the purchase of Litecoin, then we will decide to side with the bulls.
Priority of the day: sell LTCUSD for $ 116.
After such a swift fall, Litecoin can take a lateral move in the zone: $ 122 - $ 117.
Projected scenarios:
1. Sell LTCUSD from $ 126 to $ 116.
2. You may have to wait today during flat.
An alternative scenario:
LTCUSD can be supported by buyers near $ 118 - $ 116. If there are large volumes in this zone for the purchase of Litecoin, then we will decide to side with the bulls.