I've seeing a purely dump or bearish with no possible resistance and support. This Litecoin/LTC will keep continue to dump up to the next support level or maybe the bottom since last year.
We're on B wave right now and the wave C are still on 2020. This is not a prediction but we're based on chart or graph and Please expect the fake bull.
This is just a trap. We've the lowest bottom of $22.96 since last year but we put 3rd level correction 1 is $40, 2nd the $35 and the third well the lowest bottom $23.
So sign of bullish as of now. So it's better to take off your funds this is based on my own opinion and graph. We will see few days from now.
Big investors are now removing their funds and let the market wave back to normal. Historical Data shows that the Volume has 3.1 Billion with marketcap of 3.2 Billion that's almost half from the bullish scenario last June and July.
We've almost $5.6 Volume and marketcap reaching almost $7.4 billion.
BTW my prediction from last week is real you can check it here
LTC/USDT You can check it here -> https://www.tradingview.com/chart/IeAGGd4M/
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. The trader must be able to manage risk.
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Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011