That downtrend is active since last year, but there is a crossover on the daily ema's and the price is also above the weekly 8 ema acting as support. LTC has also broke a key resistance line (next key resistance is at $38-$40 zone. LTC is also in a uptrend formed since mid december. We cannot forget the fact that there is a block reward halving on 7 august 2019!! I personally think that we will see a good surge till the halving. But there is 1 problem with the LTC price right now. Low volume . But I am more on the bullish since then on the bearish .
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Or will the downtrend hold again?
Pin bar candle on the 4H chart and the 200 ema on the 4H is acting as support. Also volume is not looking bad. BUUTTT I think this is a bull trap lol