In spite of uncertainty and the strong selling across all the crypto, we will try to identify some lower levels which may offer us good deals.
LTC is trading below 100-day SMA which is a bearish sign, it also could not break out the downtrend which resulted in falling to around $100 level as we predicted in the last analysis.
Therefore, long traders should wait for $100 level to hold the price because this is will be the first recovery sign. The strong bullish sign will be breaking out the downtrend and the $175 level.
Conversely, if $100 level broken, LTC will sink to $82 level.
LTC is trading below 100-day SMA which is a bearish sign, it also could not break out the downtrend which resulted in falling to around $100 level as we predicted in the last analysis.
Therefore, long traders should wait for $100 level to hold the price because this is will be the first recovery sign. The strong bullish sign will be breaking out the downtrend and the $175 level.
Conversely, if $100 level broken, LTC will sink to $82 level.
