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Litecoin on the Dangerous Zone (LTC/USD) by ThinkingAntsOk

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Litecoin (COINBASE:LTCUSD)  
ThinkingAntsOk  
COINBASE:LTCUSD   Litecoin
Trend Analysis Support and Resistance Multiple Time Frame Analysis LTC USD LTCUSD Litecoin (Cryptocurrency) BTC BTCUSD Bitcoin (Cryptocurrency) crypto
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trendanalysis supportandresistance mtfa ltc usd ltcusd litecoin btc btcusd bitcoin crypto
4H CHART EXPLANATION:


On this timeframe, we observe that price resolved perfectly the last triangle formation. At this moment it is facing the Support Zone, but it has not consolidated clearly below yet. In case it happens, then it would be a strong bearish signal. Technicaly the next Support level is the bottom of the Descending Channel or the Support Zone at 25.

DAILY CHART EXPLANATION:

snapshot


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