LTCUSD, potential formation of downward patterns, targets $77-56
Updated
LTCUSD on the 1D timeframe forms a symmetrical triangle (highs decrease, lows increase), it is also possible to form the Head and Shoulders pattern, the neck line of which runs just with the lower border of the triangle.
On the weekly chart in early July, a large red candle formed, the middle of which more than once acted as a strong resistance.
It is also worth noting a decrease in the OBV indicator.
Our team is of the opinion that digital silver will continue to decline, the goals will be levels 77 - 66 - 56 $.
Also, let's not forget about the strong correlation between LTC and BTC, this year silver shows the direction of the trend a little faster
Join our telegram channel (t.me/wey_wang) to get the latest updates of the top cryptocurrencies
On the weekly chart in early July, a large red candle formed, the middle of which more than once acted as a strong resistance.
It is also worth noting a decrease in the OBV indicator.
Our team is of the opinion that digital silver will continue to decline, the goals will be levels 77 - 66 - 56 $.
Also, let's not forget about the strong correlation between LTC and BTC, this year silver shows the direction of the trend a little faster
Join our telegram channel (t.me/wey_wang) to get the latest updates of the top cryptocurrencies
Note
LTC clearly fulfills the pattern and moves down ..New goals based on the height of the triangle - $ 47-51
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