LTC daily update market is in a descending weekly trend.
small correction will happen for the next 2 week and you can buy assets in deeper price or short from target .
Ltcdaily
LTC Dailybased on the daily chart we see that still we are in down trend.
we are close to the static support and if it breaks the 138 and close daily candle below this price, we might gonna see 115$ too.
Facts that we are down yet
RSI down trend is not broken yet.
down trend dynamic resistance it not broken yet.
yet we didn't see any reaction to static support.
probably it's gonna react to it's static support and goes up, but if BTCUSDT goes down, this might break the static support, better to have a look on BTC too.
this analysis might fail due to market fluctuations.
[meOw] LTC - USD - Daily ChartFibo - Searching for possible Entry which is "C1"
Daily Candle appear below ma20 which is unhealthy. As you can see in the chart, the ma20 just cross ma50 and rushing going down.
ma50 and ma100 is preparing for crossing, this is a good sign because ma100 will fall down and ma50 going up, anytime ma20 can follow to uptrend just waiting for a good signal for bounce.
You may Check as well on the Weekly time frame, ma50 can be respected - candle and ma50 can possibly meet on 110-117.
Green shaded with Cyan border - if you do zoom in, you can see a confirmation of breakdown.
"Personal Interpretation"
"Parental Guidance is advise"
"Trade on your OWN Risk"
I'm open on your own perspective, you may comment below.
Enjoy =)
