Litecoin / TetherShort
LTC down trend
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Never risk more than you can afford to lose.
Always DYOR.
LTC, has stuck in its down trend channel approximately for a year, and crash nearly %67.37.
LTC just reacted to its upper channel line which was a cluster of level $130 resistance zone in red which was a monthly level, $130 dynamic trend line.
on the other hand LTC reacted to $120 support zone in green, which is a daily level since it is coming back from a upper and strong level it may cause LTC break down this daily level and reach to mid line of the channel.
There, LTC may reach to $109 support zone, which is a weekly level in blue.
on condition that LTC recieve a proper support there may jump back to its dynamic trendline and break it upward due to strength of the weekly level moreover it needs market trend as well, otherwise one may expect more crash on this cryptocurrency.
Never risk more than you can afford to lose.
Always DYOR.
LTC, has stuck in its down trend channel approximately for a year, and crash nearly %67.37.
LTC just reacted to its upper channel line which was a cluster of level $130 resistance zone in red which was a monthly level, $130 dynamic trend line.
on the other hand LTC reacted to $120 support zone in green, which is a daily level since it is coming back from a upper and strong level it may cause LTC break down this daily level and reach to mid line of the channel.
There, LTC may reach to $109 support zone, which is a weekly level in blue.
on condition that LTC recieve a proper support there may jump back to its dynamic trendline and break it upward due to strength of the weekly level moreover it needs market trend as well, otherwise one may expect more crash on this cryptocurrency.
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