Litecoin(LTC): Bullish and Bearish Scenario!

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Litecoin has been dropping sharply and slowly moving towards the 100 and 200 EMA. With that being said, we have two possible scenarios here (bullish and bearish):

A bullish scenario would mean a nice bounce from 200 EMA and a movement toward the top, while a bearish scenario would mean a breakdown at 200 EMA and securing of that zone, which again would mean a potential free fall!

Swallow Team

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ملاحظة

Litecoin is now showing any breakdown signs, but the last daily got closed above the zone, and the new candle has had a slight push already.

For now, we see the new candle kicking in some red colors, but we are waiting for clear signs!

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ملاحظة

While Litecoin did not show any signs of weakness from last time and last daily before that got closed above the zone. Since then, we have had a strong takeover from buyers and a nice 12% market price movement as well!

Swallow Team