Litecoin(LTC): Bullish and Bearish Scenario!

Litecoin has been dropping sharply and slowly moving towards the 100 and 200 EMA. With that being said, we have two possible scenarios here (bullish and bearish):

A bullish scenario would mean a nice bounce from 200 EMA and a movement toward the top, while a bearish scenario would mean a breakdown at 200 EMA and securing of that zone, which again would mean a potential free fall!

Swallow Team

Comment:

Litecoin is now showing any breakdown signs, but the last daily got closed above the zone, and the new candle has had a slight push already.

For now, we see the new candle kicking in some red colors, but we are waiting for clear signs!

Comment:

While Litecoin did not show any signs of weakness from last time and last daily before that got closed above the zone. Since then, we have had a strong takeover from buyers and a nice 12% market price movement as well!

Swallow Team