Hello everyone!
Today I want to share my thoughts on the LTC coin to the USDT pair.
If you look at the chart at 4H TF, you can see the pattern!
We had a similar situation before. We maintain that before there was the same growth with savings, after which the market collapsed (I drew all the patterns on the chart).
But this is not the main reason that points us to SHORT.
If you look at the technical analysis.
Then LTC forms a triangle below the strong resistance level. It looks like a perfect short pattern, but don't forget the rest of the market.
Also, globally, I do not see continued growth, coins from current prices. We are trading under global resistance. At least there will be a correction to the key support level where we are trading now. If the price overcomes the trend support, then LTC will depreciate very much, like all other altcoins. Indeed, for the main cryptocurrency, we have a similar situation.
Today I want to share my thoughts on the LTC coin to the USDT pair.
If you look at the chart at 4H TF, you can see the pattern!
We had a similar situation before. We maintain that before there was the same growth with savings, after which the market collapsed (I drew all the patterns on the chart).
But this is not the main reason that points us to SHORT.
If you look at the technical analysis.
Then LTC forms a triangle below the strong resistance level. It looks like a perfect short pattern, but don't forget the rest of the market.
Also, globally, I do not see continued growth, coins from current prices. We are trading under global resistance. At least there will be a correction to the key support level where we are trading now. If the price overcomes the trend support, then LTC will depreciate very much, like all other altcoins. Indeed, for the main cryptocurrency, we have a similar situation.
Telegram Channel⏩ t.me/AleksDoo