$LTC has fallen below the 50 level; the current price is 49.81.
Near key price levels, I usually look at three things:
① Close: An intraday break below doesn’t count; it’s a valid breakdown only if the entire candlestick closes below 50.
② Rebound: Can the price reclaim the area around 50 after bouncing? If it can’t, that confirms the shift.
③ Volume: Did trading volume pick up during the breakdown? A break on low volume is more likely to be false.
#LTC
Near key price levels, I usually look at three things:
① Close: An intraday break below doesn’t count; it’s a valid breakdown only if the entire candlestick closes below 50.
② Rebound: Can the price reclaim the area around 50 after bouncing? If it can’t, that confirms the shift.
③ Volume: Did trading volume pick up during the breakdown? A break on low volume is more likely to be false.
#LTC