The previous analysis worked out very nicely but this time there are much more uncertainties in the market. On the lower time frame if looks like LTC broke a small support line which looks like a , but these are not reliable. Of course depending on what Bitcoin and Tether will do, i think the price might move in to the green zone and could slowly turn up again. If the breaks with a max of around 50, the chances become very big for an even bigger drop. Only if the price can break the 54ish, we can start to think of more movement. So the 54 is the level to break for the LTC bulls.
The yellow circle looks like a bear trap, that’s why i don’t want to see it get below the 50.
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