RLinda ! LTCUSDT-> Is the market getting ready to fall?

20 ott 2022

LTCUSDT the entire cryptocurrency market, with the exception of a few altcoins is in the red zone and continues to decline

At the moment, everyone is watching bitcoin activity. The flagship coin continues to consolidate, but on the background of positive news and positive public reaction, the price reacts with a fall, which indicates the expected fall, which may pull the rest of the market

On the local chart, LTCUSDT is forming a downward price channel, which previously replaced the counter-trend correction, what to expect from the price?
The LiteCoin at the moment is near a resistance area. From this area I expect a fall in the trend.
The short term target is support at 50.00.
Medium-term target - price channel support

Regards R.Linda!