LTC/USDT Perpetual Contract
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Litecoin (LTC): Possible Turning Point!

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Litecoin has returned to the branch of EMAs where the price has been rejected so far (forming a smaller fakeout above 200 EMA).

We are now looking at how the price will reach that zone but as of now, we are looking for a downward movement from here; if not, then a movement to the upper resistance for a bigger drop!

Swallow Team
Catatan
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Almost 6% of movement since break of 200EMA on 4-hour timeframe.

We are looking for further movement here as we see a break of both EMAs and price has secured the zone below those EMAs. Let's see what we end up with in the next couple of days!
Catatan
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Litecoin is still trading below 200 EMA, where the price has now secured this zone, in our opinion.

There was no need to re-test to 200 EMA as we had a small fakeout above that EMA so now we are looking for further movement here to lower zones!
Catatan
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Litecoin has a good rejection from our resistance line, which pushed the price back to the other orange line, which was acting as a support zone. Although we did not get the full movement we wanted, we still got a nice 12% market price movement!

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