LTC Set to Drop Further

With the continuation of failed breakouts lately, Litecoin is finally preparing to retest the $112 area for the fifth time. That said, it will likely fold under the sell pressure and deliver us into a support zone from the Februrary 6 low. There is a strong probability that selling pressure and momentum from the bears will propel us below the $106 zone where they will be met with strong support at $101.

Thank you for taking a look at my idea!

-The Don

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

Commentaire:

*fourth time