LTC/USDT : Complete direction with BTC's LTF analysis

23 May 2021

BTCUSDT
Hello everyone 😃

Current daily candle on LTC is so worrying.
If current daily candle or any others; Closed below bullish trendline, Then see another sharp dive to reclaim lowest bullish order block, Which is located around 110$.
Now current Candle has been rejected by MA200 and it can't be a good news for LTC holders...

Also on Low TF chart :
snapshot
It seems that historical support zone is holding the pair, But I don't think it can hold it for a long time...


Now you have to focus on BTC :
snapshot
BTC is now below the important support level ..
Bulls need to reclaim this level or They will face another dive !
How ever we can count on the lower wick's support..

📌 Have to mention; Due to the big fluctuation #BTC at the moment, Alts can't move independently.
I just take time and focus on BTC only.

🔰 According to institutional positions, SHORTs are 3X more bigger the LONGs. It's not a good sign !

Hope you enjoyed our analysis about Sentiment view on LTC's possible directions🙌
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Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades

24 May 2021

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