SwallowPremium

LTC/USDT - Potential Drop to Come?

Short
BYBIT:LTCUSDT.P   LTCUSDT Perpetual Contract
LTC's chart is showing us a bit of a fight here. We've been mapping out lower lows recently, and it's looking like we might not be done yet. We've got our eyes on a full breakdown; if it hits, we're likely to see a dip towards the lower yellow zone there. That's where we think there's a good chance to sweep up some coin on the cheap before any rebound. We just have to wait for the market to show some weakness.

In addition to that, we see those nice selloffs happening and liquidating long-standing position holders.Combined with lower lows, we see a great chance of breakdown to happen!

Swallow Team
Trade active:

A nice +5% of market price movement marking as a start of a breakdown and a potential re-test before further movement to lower zones
Comment:

After a nice breakdown of 5%, there is a surge for a re-test of the local broken zone

🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades

Join our amazing team and be part of something bigger.
FREE: t.me/SwallowCryptoTeam
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.