is going down last 2 days. As it was predicted in my recent analysis of LTCUSD
, the triangle breakout was expected. Once the price brokeout the sellers got full control and push the price down. The momentum stopped last few hours, it seems sellers locking their profits and buyers are stepping in.
The next structure level is 168.75 where it is acted as a key support. It was a resistance before, but once the price brokeout it became the support level
. The buying orders are expected at that zone, which is most likely push the price up. If LTCUSD
continues its bearish
momentum, the next support area
will be at $145.
- Follow & Comment -