LTC

The LTC is sitting in the key zone.
The breakthrough below the zone in the past decided to sink to the bottom.
With the loss of this zone a possible decrease to support around 50 USD and in the extreme case with the loss of this support a possible repetition of the bull run 2018 pattern.

Not the financial board.
Just for fun.

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Note

On Friday the 13th, this day I was expecting a correction, so it is possible that the market maker will take advantage of fear and send it up (eliminate short positions and test some support from below).
Otherwise, the direction is still down.

Note

This plan predicted the possibility of a repeat of the 2018 pattern, we are at the point where we will soon learn the truth.

Note

The market maker plays cat and mouse with the traders. The reason is simple, the liquidation of positions is a big income for exchanges, it's just a matter of not being fooled too often.

Note

There can be many patterns going on in the range that will be subsequently invalidated.
The complete pattern looks like a bear flag, if it starts to play, then the bears will focus on the area above $20.

Only a valid close above the short zone can reverse the situation.

Note

Watch out for the Fakeout option that I also warned about in the $100 area.

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Note

Fakeout on LTC went higher than I expected, can it go higher? Yes, if the FOMO is strong enough, the big players will be happy to distribute at even more profit than the current +100%.
Has LTC bottomed out and is now going To the Moon? No

Note

A bit of divination for LTC.
It is true that I did not anticipate this increase, but if it is confirmed that it was a fakeout, it is difficult to estimate.

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