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AMBCrypto_TA

Litecoin rejected from $70- where to next?

Short
Litecoin / TetherUS (BINANCE:LTCUSDT)  
AMBCrypto_TA  
BINANCE:LTCUSDT   Litecoin / TetherUS
Trend Analysis Technical Indicators Supply and Demand Litecoin (Cryptocurrency) LTC ltcshort LTCUSDT ltcusdshort
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trendanalysis indicator supplyanddemand litecoin ltc ltcshort ltcusdt ltcusdshort
After the LTC halving the coin has been in a strong downtrend. The previous bounce on 29 August saw the FVG partially filled. Fib extension levels showed the $60.31 and $43.4 levels are the next downward targets that Litecoin could reach in the coming months

Entry: $70.7 (mid-June low)

Take-profit: $56 (17 August low but LTC could drop much lower)

Stop-loss: $75.84

R:R- 2.79

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