LTC looks primed for a further test of 42.92 support
As long as prices stay below 48.28, I think LTC has more work to do before a meaningful bounce, and that's why I'm shorting this dip
LTC's chart is in a downtrend, with prices below both the 7 and 25-day SMAs
Bearish 10-bar trend and key levels like 42.92 support and 48.28 resistance
Flat/falling volume isn't helping the bullish case
A daily close above 48.28 invalidates this short setup
Where do you see LTC heading next?
#MarketAnalysis #CryptoInsights
As long as prices stay below 48.28, I think LTC has more work to do before a meaningful bounce, and that's why I'm shorting this dip
LTC's chart is in a downtrend, with prices below both the 7 and 25-day SMAs
Bearish 10-bar trend and key levels like 42.92 support and 48.28 resistance
Flat/falling volume isn't helping the bullish case
A daily close above 48.28 invalidates this short setup
Where do you see LTC heading next?
#MarketAnalysis #CryptoInsights