$LTC Litecoin is just a few cents away from closing back inside the range and below the long standing trendline.
The trendline has kept this trend UP for couple of weeks now and if that breaks, along with the closing inside the range and below $45.90, the range will trigger a sell pressure as the high of $48 will be then considered as a UTAD discussed in the last update for LTC.
The Upthrust After Distribution UTAD is very bearish as far as the Wyckoff Methods are concerend. The next major support for LTC is below $43, and losing that can cause a signifcant drop in LTC till $35 which is the range breakdown targets.
The trendline has kept this trend UP for couple of weeks now and if that breaks, along with the closing inside the range and below $45.90, the range will trigger a sell pressure as the high of $48 will be then considered as a UTAD discussed in the last update for LTC.
The Upthrust After Distribution UTAD is very bearish as far as the Wyckoff Methods are concerend. The next major support for LTC is below $43, and losing that can cause a signifcant drop in LTC till $35 which is the range breakdown targets.