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Litecoin at $70? Potential short movement explained

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Litecoin (COINBASE:LTCUSD)  
ThinkingAntsOk  
COINBASE:LTCUSD   Litecoin
Trend Analysis Support and Resistance Multiple Time Frame Analysis LTC USD Litecoin (Cryptocurrency) LTCUSD BTC crypto
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trendanalysis supportandresistance mtfa ltc usd litecoin ltcusd btc crypto
4H CHART EXPLANATION:

Last week we posted a LTC/USD analysis, where price was facing the confluence zone between the ascending trendline and the support zone. This was a strong zone, so a bounce was expected there. As we can see now, it could not hold the price and was broke with a big movement. The most likely situation at this moment is a downside move towards the next support zone at $70.


MULTI TIMEFRAME ANALYSIS:


-Daily:

snapshot

-Weekly:

snapshot
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