LTC is Struggling Near Resistance

In my previous analysis I was sharing a bullish scenario making use of the scenario where Litecoin would break through the resistance. However, we see now that the price has major issues breaking through.

Early signs show that the resistance is really strong and that LTC cannot break through. I suggest to either wait or enter a short position for now.

Then, after the small horizontal zone is hit, we can start our long position again.