✴️ Litecoin Looks Pretty Bad (Weekly)

1月4日

It looks pretty bad... When a pair this big does this badly compared to others it means that there is no support from its own community, from the owners, miners and developers team...

Litecoin moved below EMA50 weekly in July '23 and recently dropped below EMA10 and EMA21, current session (this week).

This is a bearish as it can get but it trades so low already that potential for a drop is limited.

👉 Litecoin (LTCUSDT) is bearish and pointing toward lower prices, main target shown on the chart.

Invalidation can happen on a bullish break and close above $77 (moving back above EMA50).
Any trading below this level and this pair remains ultra-bearish.

Namaste.