As we can see, the previous idea also pleased us. The price was able to bounce off the support line, as I said.
As we can see, the support line perfectly pushes the price up. Therefore, I continue with yesterday's idea and repeat that the price will continue to rise and reach the value of 345.85. After that, the price will bounce off the resistance line and start falling. The price will return to the support line - 319.38.📉
LTC showing weakness in my opinion. So many ALTS making great gains. But not LTC. Managed a bounce to 337 and then reversed sharply. I do not trust this coin right now. Seen it drop so many times while other ALTS rising. Also do not like that it is tied to Bitcoin price as I see BTC as weak. If LTC could start moving independently of Bitcoin I might be encouraged. But as long as it continues to move in lock step with BTC, I expect it to go down short term, just like BTC is going to do.