LTC how to Trade
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.
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