Despite the great achievements of buyers in the LTC market, fantastic trading volumes and the update of the historical high of BTC, the price of LTC failed to test the critical level of $ 145.
We wrote about this level in the previous idea.
The sellers are trying to take matters into their own hands. The local level of $131 is already under the control of sellers. Slowly but surely, sellers are lowering the price to the bottom trend line in the range of $112-115. From there, we expect a new impetus for growth. We will see how successful it will be in the process of its formation.
Alternative scenario. If buyers do not keep the range of $112-115, the global correction of the coin will begin and the price will continue to fall to $100.
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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