LTC to 31 USD bearish scenario
55 EMA crossing 200 SMA on the DAILY time frame
what we are seeing is a charge in behavior and LTCUSD is probably going down to previous lows ( 30-42 ) IF the following happens : 55 EMA cross 200 SMA followed by the death cross ( 50 EMA crossing 200 EMA )
I know its too early to take this scenario into consideration but its important to keep this in mind and I give it 50.1% chance.
PS: when trading moving averages i put more weight on the EMAs.
what we are seeing is a charge in behavior and LTCUSD is probably going down to previous lows ( 30-42 ) IF the following happens : 55 EMA cross 200 SMA followed by the death cross ( 50 EMA crossing 200 EMA )
I know its too early to take this scenario into consideration but its important to keep this in mind and I give it 50.1% chance.
PS: when trading moving averages i put more weight on the EMAs.
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