P_S_trade

LTC-4h. Loss range $147-153 and target $100.

BINANCE:LTCUSDT   Litecoin / TetherUS
The euphoria in the LTC market did not live up to investors' expectations. Breaking the global mark of $145 up gave the price a great chance to continue to rise to $220.

However, the sharp fall in the price of BTC significantly adjusted the plans. As a result, the LTC price broke the bottom trend line of the channel in which it traded from December 11. The main buyer support was in the range of $148-153. At the moment, this range is under the control of sellers. If buyers fail to regain control of this range in the near future - this will be a serious signal to sellers to continue to fall actively.

The main target of this scenario is $100.

Another signal for the continued decline in the LTC market will be the continued decline in the price of BTC and breaking the $33,000 mark.

Consolidating the LTC price above $153 will give buyers a chance to test the $173-180 range. We will closely monitor the movement of the LTC price and update the idea when the price chooses its scenario.
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Comments

just a mild bounce today. selling will resume later this week.
+1 Reply
P_S_trade ProjectSyndicate
@ProjectSyndicate, let's see, thank you!
Reply
nice chart. thanks
see my analysis
we shall see a pump in LTC/USDT
+1 Reply
P_S_trade T_V_TreeTrader
@T_V_TreeTrader, maybe you're right! Thanks for sharing!
Reply
NickVE T_V_TreeTrader
@T_V_TreeTrader, I've been watching for this theory too.
However, all depends on BTC movement.

Nice LT prospects though.
Reply
interesting :) thank you for sharing.
+1 Reply
P_S_trade jojofang0901
Reply
Great keep it up..
+1 Reply
P_S_trade DACapitalTrading
@DACapitalTrading, thanks man)
Reply
nailed it. excellent overview and write-up.
+1 Reply
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