LTC current crash is very similar to BTC's last previous .
Comparing the BTC structure with LTC,
In both structure, the major downside move came right after rejection from 0.702 retracement.
Going by the BTC previous crash structure,LTC is right at the support zone from where BTC bounced off several times before reversing to the upside.
Support region for LTC : 161-165usd
Looking at the market leaders,SOL and LUNA ,they both struggled right at this level in their structures before breaking into new highs.
LTC has always been one of the first ones to top out in altseason rallies historically in the top 10-20.
It may be the last major hurdle for LTC before breaking into fresh All Time Highs.
#altseason2021
#bullrun2021
#endingphaseofthemarketcycle
#NFA
In both structure, the major downside move came right after rejection from 0.702 retracement.
Going by the BTC previous crash structure,LTC is right at the support zone from where BTC bounced off several times before reversing to the upside.
Support region for LTC : 161-165usd
Looking at the market leaders,SOL and LUNA ,they both struggled right at this level in their structures before breaking into new highs.
LTC has always been one of the first ones to top out in altseason rallies historically in the top 10-20.
It may be the last major hurdle for LTC before breaking into fresh All Time Highs.
#altseason2021
#bullrun2021
#endingphaseofthemarketcycle
#NFA
