The trend is still bearish!! The trend line was retested, didn't had enough pump to break it.
Note
The flag was broken and the market retested the resistance. However, didn't had enough volume to break it above. Also, as you see, the market exactly paused to the same support zone of the previous one. If the top support breaks then expected price would be $128 again.Note
Also if we see a breakout then we might see LTC go back to $177Note
The flag was broken and the market retested the resistance. However, didn't had enough volume to break it above. Also, as you see, the market exactly paused to the same support zone of the previous one. It did consolidate for some time. If the top support breaks then expected price would be $128 again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.