Possible routes of LTC movement
The market has not yet provided a clear sign of the end of the correction process that we can be sure of recovering
Assuming a steady sell-off in the market, a strong Kendall close below $ 160.86 a day could push LTC to the bottom and support the bearish sentiment
In the event of such a decline, market participants can expect a 10% drop in LTC to the immediate support level at $ 145.40 and then the $ 135.49 level
On the other hand, if the LTC price can cross the $ 160.86 demand barrier, it will face the $ 188.99 resistance barrier
A sharp daily closing above this level puts LTC back on track to $ 211
If LTC can turn the resistance level into its support, the downtrend scenario will be nullified and the price could potentially rise 40% to $ 294.21
have a nice day
The market has not yet provided a clear sign of the end of the correction process that we can be sure of recovering
Assuming a steady sell-off in the market, a strong Kendall close below $ 160.86 a day could push LTC to the bottom and support the bearish sentiment
In the event of such a decline, market participants can expect a 10% drop in LTC to the immediate support level at $ 145.40 and then the $ 135.49 level
On the other hand, if the LTC price can cross the $ 160.86 demand barrier, it will face the $ 188.99 resistance barrier
A sharp daily closing above this level puts LTC back on track to $ 211
If LTC can turn the resistance level into its support, the downtrend scenario will be nullified and the price could potentially rise 40% to $ 294.21
have a nice day