The "Bear Absorption" candle on April 25, 2018 spoils the entire picture of Litecoin's purchases. It is possible that bears can take over bulls. It's hard to say who wins at the moment.
Priority of the day: buying LTCUSD with a target of $168.
The purchase zone for Litecoin $ 140 - $ 143 still remains valid.
Projected scenarios:
1. Flat will be around for another day.
2. The rate of Litecoin will rise to $ 168. We plan to buy LTCUSD near the level of $ 143.
Alternative scenario:
We're facing danger of LTCUSD rate going down. Narrow consolidation after the bearish takeover is a bad sign. We'll be able to tell near the level of $ 143: to look for purchases, or sales of Litecoin.
Priority of the day: buying LTCUSD with a target of $168.
The purchase zone for Litecoin $ 140 - $ 143 still remains valid.
Projected scenarios:
1. Flat will be around for another day.
2. The rate of Litecoin will rise to $ 168. We plan to buy LTCUSD near the level of $ 143.
Alternative scenario:
We're facing danger of LTCUSD rate going down. Narrow consolidation after the bearish takeover is a bad sign. We'll be able to tell near the level of $ 143: to look for purchases, or sales of Litecoin.