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CryptoSanders9563
Jun 7, 2023 12:16 AM

LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS  

Litecoin / TetherUSBinance

Description

Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.

Reason for Analysis:-Litecoin (LTC) was one of Monday’s biggest losers, as prices fell by as much as 5%.
Following a high of 96.36 on Sunday, LTC/USD sank to an intraday bottom at the 91.79 level.
This drop sees Litecoin fall for a second consecutive session, after a false breakout of a ceiling at 96.00
prices were relatively overbought, with the RSI hovering close to a ceiling at 62.00, prior to the decline.
Previous LTC bulls likely shifted their positions due to the proximity to the aforementioned resistance point.
the index is now tracking at 52.00 after this sell-off, with a floor at 50.00 as a potential landing zone.

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