As I have been warning, Litecoin is now breaking support, below the bear flag
, and the 200 EMA
(in purple.) It has also created a bearish engulfing
candle, with expanding sell side momentum. The bottom side of the bear flag
is being tested, to confirm it as new overhead resistance. If LTC does not rally back above the 200 EMA
, look for lower prices, possibly down to $200.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***