Litecoin decides, we react
Ltc currently in a bit of a consolidation now and we need a clear confirmation before deciding what to do.
Ltc could bounce off the resistance at about 280 and then the target would be the support zone at about 243.
Alternatively, it could break the resistance and go further to the upside.
This is not an indication of direction but just general update on Ltc in my perspective.
Personally, I'm bearish because i spotted a bit of bearish divergence but awaiting confirmation before any action. Kindly do your analysis also and let me know what you think
Ltc could bounce off the resistance at about 280 and then the target would be the support zone at about 243.
Alternatively, it could break the resistance and go further to the upside.
This is not an indication of direction but just general update on Ltc in my perspective.
Personally, I'm bearish because i spotted a bit of bearish divergence but awaiting confirmation before any action. Kindly do your analysis also and let me know what you think
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