2 possible scenarios drawn on the chart 1) we break out of the descending channel and proceed to break through the following resistance levels until we hit the 225 level 2) We retest the bottom of the channel at 117 and then proceed to break upwards tackling the following resistance levels until we face the tough one at 225 will reevaluate then
MFI & RSI bounces are getting smaller and smaller building up for a move to the upside. Indicators on the hourly / daily are oversold and selling volume is decreasing indicating exhaustion from the selling side
Crypto space changes rapidly. I'm not convinced this is the start of a bear market. Theres too much going for crypto right now to take us back to the $50 - 70 ltc.
Look at US indices they are still flourishing if anything this bubble pop comparable to the TECH sector in the last 60 days. Tech is bouncing back and so will crypto. The nature in which crypto moves is rapid and quickly. Also look at the Crypto fear and greed index, its at 10. Perfect buying time. BTW i also agree retesting 117 is totally possible and one of the scenarios.