LTC current crash is very similar to BTC's last previous .
Comparing the BTC structure with LTC,
In both structure, the major downside move came right after rejection from 0.702 retracement.
Going by the BTC previous crash structure,LTC is right at the support zone from where BTC bounced off several times before reversing to the upside.
Support region for LTC : 161-165usd
Looking at the market leaders,SOL and LUNA ,they both struggled right at this level in their structures before breaking into new highs.
LTC has always been one of the first ones to top out in altseason rallies historically in the top 10-20.
It may be the last major hurdle for LTC before breaking into fresh All Time Highs.
#altseason2021
#bullrun2021
#endingphaseofthemarketcycle
#NFA
Comparing the BTC structure with LTC,
In both structure, the major downside move came right after rejection from 0.702 retracement.
Going by the BTC previous crash structure,LTC is right at the support zone from where BTC bounced off several times before reversing to the upside.
Support region for LTC : 161-165usd
Looking at the market leaders,SOL and LUNA ,they both struggled right at this level in their structures before breaking into new highs.
LTC has always been one of the first ones to top out in altseason rallies historically in the top 10-20.
It may be the last major hurdle for LTC before breaking into fresh All Time Highs.
#altseason2021
#bullrun2021
#endingphaseofthemarketcycle
#NFA
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.