LTC, one of my favourite coins, is clearly touching resistance currently.
6 previous times this price region has acted as a resistance and at least 2 times it acted as support.
But these days you can just never know with LTC. Thats why I suggest a tight SL at $58.01 Target is $47 region where it can also meet the 200MA, but as I said, LTC is acting up lately so make sure to use a tight SL.
Also: RSI clearly oversold on D1 and extremely oversold on 4H. MACD also showing LTC has seen it... for now..
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What a shame, I now see that it is not showing the previous price action at the red arrows where this resistance was too strong