LTC/USDT possible Scenarios? 👀 Litecoin Today Analysis

27 Jul 2023

💎 LTC is making some intriguing moves. We've observed that it has effectively mitigated the previous Order Block (OB) and, in response, embarked on a downward journey.

💎 Currently, the price seems likely to continue its downward trend, as we have an OB at $81.59. LTC might initiate a bullish move from this point.

💎 Another factor to consider is that if the price fails to take a bullish turn from the $81.59 level, it could re-enter the supply area again at $70.82.

💎 The $70.82 level is of utmost importance because there's no more liquidity beyond that point. A bounce back from this area could set the stage for a bullish move.

💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey

5 Agu 2023

Catatan

🌴Litecoin quick update 🌴

💎 Following our previous analysis a few days ago, LTC has adhered to the same trajectory as predicted, experiencing a drop of -12%.
💎 Currently, LTC has mitigated the Order Block (OB) level, seized liquidity, and as a result of this rejection, it might initiate a bullish surge from here to reach our target.
💎 Keeping market uncertainty in view, it's also anticipated that LTC might retest the previous level of demand. From there, it could take an upward move to mitigate the bearish OB once again for the remaining liquidity.