RLinda

LTCUSDT ! Testing resistance on a downtrend. Falling down

Short
BINANCE:LTCUSDT   Litecoin / TetherUS
LTCUSDT hasn't been heard from Litecoin for a long time. Short review:
We see two descending channels, which show us an accelerated fall of the cryptocoin. One channel (the first) was broken down and a new one is being formed under it, which uses the support of the old one as a resistance.

Against the background of increased volatility, the price forms an increase to the resistance of the descending channel and, after a false breakdown of the resistance zone of 54.5, it consolidates below the level

I assume the price is trending. In the medium term, I am interested in the liquidity and support zone 37.1

Sincerely, R. Linda!

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