That downtrend is active since last year, but there is a crossover on the daily ema's and the price is also above the weekly 8 ema acting as support. LTC has also broke a key resistance line (next key resistance is at $38-$40 zone. LTC is also in a uptrend formed since mid december. We cannot forget the fact that there is a block reward halving on 7 august 2019!! I personally think that we will see a good surge till the halving. But there is 1 problem with the LTC price right now. Low volume. But I am more on the bullish since then on the bearish.
Love Yall <3
Love Yall <3
تم فتح الصفقة:
Or will the downtrend hold again?
تم فتح الصفقة:
Pin bar candle on the 4H chart and the 200 ema on the 4H is acting as support. Also volume is not looking bad. BUUTTT I think this is a bull trap lol