Points to consider:
- Multi-confluence resistance
- levels (visual guide)
- below 50
LTC USDT has been lagging considerably behind the broader market failing to break its multi-confluence structural resistance.
lining up nearly perfectly with market structure acting as a visual guide to key levels.
is declining, indication of an influx being imminent, possibly coinciding with the re-test and break of structural resistance.
The is currently below 50 on higher timeframes, bias is still in the immediate market.
Overall, in my opinion, LTC needs a break and consolidate above structural resistance with follow through to validate technical targets above.