Looks like
BTCUSD
bearish cycle is effecting the price of
LTCUSD
.
The price already broke 20 day and 50 day moving average, based on the indicators the price is still in a bearish mode. The 61.8% and 100 day moving average might act as a strong support zone, the possible entry levels are between 220 and 200 with stoploss at 165.
The targets are 264 and 305.
Note: The analysis will work if the price of
BTCUSD
is stable.
BTCUSD
bearish cycle is effecting the price of
LTCUSD
. The price already broke 20 day and 50 day moving average, based on the indicators the price is still in a bearish mode. The 61.8% and 100 day moving average might act as a strong support zone, the possible entry levels are between 220 and 200 with stoploss at 165.
The targets are 264 and 305.
Note: The analysis will work if the price of
BTCUSD
is stable.