LTC Breakdown Confirms Bearish Momentum
The price broke out of a larger bearish pattern.
The bearish momentum is increasing further as we can see from the chart.
Initially, LTC was expecting an upward move, but all of this transformed into a descending channel.
After a short break, I expect LTC to drop to 52.50; 51.60 and 50.5
BTC is already showing some weakness, so it could contribute more to this bearish setup and LTC could fall further as the chart is showing.
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
The price broke out of a larger bearish pattern.
The bearish momentum is increasing further as we can see from the chart.
Initially, LTC was expecting an upward move, but all of this transformed into a descending channel.
After a short break, I expect LTC to drop to 52.50; 51.60 and 50.5
BTC is already showing some weakness, so it could contribute more to this bearish setup and LTC could fall further as the chart is showing.
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.