Current daily candle on LTC is so worrying. If current daily candle or any others; Closed below bullish trendline, Then see another sharp dive to reclaim lowest bullish order block, Which is located around 110$. Now current Candle has been rejected by MA200 and it can't be a good news for LTC holders...
Also on Low TF chart : snapshot It seems that historical support zone is holding the pair, But I don't think it can hold it for a long time...
Now you have to focus on BTC : snapshot BTC is now below the important support level .. Bulls need to reclaim this level or They will face another dive ! How ever we can count on the lower wick's support..
📌 Have to mention; Due to the big fluctuation #BTC at the moment, Alts can't move independently. I just take time and focus on BTC only.
🔰 According to institutional positions, SHORTs are 3X more bigger the LONGs. It's not a good sign !
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Attention: this isn't financial advice we are just trying to help people on their own vision.