According to my analysis LTC (litecoin) is going for a breakdown.
1). LTC (litecoin) is making a bear flag which indicates the continuation of a downtrend. The price range of bear flag pole is (-66.10%) and when LTC will breakdown it will be under $100 and there is a strong support which lies on 65-80 so when LTC breakdown then we will see the volume that from this point it can rebounce.
2). The 55 MA and 200 MA are going to create death cross which is also a bearish indication.
3). Relative Strength Index (RSI) is also making hidden bearish divergence. You can also see them on chart i have mentioned this also. Price of LTC is making a lower high and RSI is making higher high.
DATE: 24-JUNE-2021
TIME FRAME: 1 DAY
1). LTC (litecoin) is making a bear flag which indicates the continuation of a downtrend. The price range of bear flag pole is (-66.10%) and when LTC will breakdown it will be under $100 and there is a strong support which lies on 65-80 so when LTC breakdown then we will see the volume that from this point it can rebounce.
2). The 55 MA and 200 MA are going to create death cross which is also a bearish indication.
3). Relative Strength Index (RSI) is also making hidden bearish divergence. You can also see them on chart i have mentioned this also. Price of LTC is making a lower high and RSI is making higher high.
DATE: 24-JUNE-2021
TIME FRAME: 1 DAY
