Litecoin(LTC): Full Breakdown or Not?

LTC has caught our attention here with two possible scenarios.

First one: Wait for breakdown to happen from trend and let bears secure it. From there, we might get a nice opportunity to short this coin!

Second one: Wait for the price to reach upper resistance and see how the market price will react to this zone; potential weakness might be shown there!

Which one are you waiting for the most?

Swallow Team

Comment:

LTC had broken the 200EMA and is currently pushing to higher zones. We are monitoring this coin for a potential touch to the upper zones, from where on we will be looking for a short position!

Comment:

Coin did a nice fakeout, which indicated the overweight of bears (resulting in a breakdown of the trend).

Coin has a clean breakdown and is now moving towards lower zones here. $63 would be touched, most likely!