Litecoin has seen some bearish pressure in the last couple of hours. This, combined with the classical bearish wedge is a recipe for a bearish move in the short term.
Since the market is generally bullish, this is a risky trade. The price could easily reverse on a moment's notice and continue the strong bull run from before. Apply proper risk management. Do your own due diligence.
what price do U think it will drop to before head back up???
FieryTrading
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@TOMMYMILANO, difficult to say. If current bearish conditions will hold LTC could fall to $200 in the next few days. If BTC decides to make a push to 60K, LTC will follow naturally. A small sell-off like this is needed for the market to cool down.