Litecoin topped. Is it leading the rest of the market?
Litecoin has reached the 3D demand zone and is currently consolidating inside the zone. Buy stops (have been swept. This is generating liquidity for Sell Orders.
The whole price action pattern looks like a distribution pattern. I would expect lower levels if:
1. We close the Day bellow the EQ
2. Break bellow the support (black line) at the base of the consolidation
The whole price action pattern looks like a distribution pattern. I would expect lower levels if:
1. We close the Day bellow the EQ
2. Break bellow the support (black line) at the base of the consolidation
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