Litecoin: Distribution Back to Range SupportLTC has broken out of the rising wedge due to supply predominance bringing the PA back down to range resistance where demand is still low. This hints at a possible retest of range support when often times the selling climax (SCLX) point is mitigated before any reattempts at taking range resistance again. It is also possible to see some consolidation here. My overall bias is bearish, not only for LTC, but also the crypto markets in general. The target zone can be used to either short or DCA, depending on your objective.
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