LTCUSDT On April 13, Litecoin rose from the 20-day EMA of $HKEX:91, indicating that the bulls are still willing to buy during price dips. They attempted to bolster their position further by pushing the price above the immediate resistance at
96 on April 14. However, the long wick on the day's candlestick suggests that the bears are aggressively selling during rallies.If the bears manage to pull the price below the 20-day EMA, it could trap several bullish traders, and the LTC/USDT pair may drop to $85. Conversely, if the price rises and maintains above
96, it could potentially trigger a rally to $106.Let me know what you think!
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