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LTC's latest Bearish Movement Explained + Next Target.

Long
BINANCE:LTCUSDT   Litecoin / TetherUS
Hi every one
LITECOIN / TETHERUS


If we Put a Pitchfork On the LTC chart we can Understand that The Price has been ranging Perfectly In this Indicator! The Price has reached the Top of the Pitchfork and Started a Correction phase which is Pretty normal! also If we observe the chart again, we can see a Bearish ABCD pattern on the chart (Ex Ret=1.618 so it is reliable) so the Bearish Movement which happened recently, Had Great reasons to happen! now , The Price has touched a Major support (200$) and Is ready ascend once again! The next target should be 320$!

🟢Summery:
-LTC had Great reasons to Be bearish!
-Pitchfork & bearish ABCD pattern has confirmed the recent bearish movement!
-Major support at 200$.
-Target & resistance at 600$.


💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.

Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

Thank you for seeing idea .
Have a nice day and Good luck

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