LTC is illustrating perfect elliot waves so combining it with the MACD indicator, we are seeing that bearish signals are not so strong compared to the bullish ones for this instrument so the recent bearish crossover is weak. Also we are on the daily chart and the price is at a strong support level which gives a great chance of reversal and the 320 is there again.
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Share your thoughts in the comments and like the idea if you agree. Also follow me for more updates
Have a good day
Comment:
After the current btc move , this is just a false breakout