POLONIEX:LTCUSDT   Litecoin / Tether USD
The market is going to break the uptrend line and 40.00 support level . It gives a signal of possible downward movement in borders of the descending price channel . The support zone formed by 36.00 and 34.00 levels can be a possible reversal zone. If the markets reaches this zone, we'll have to watch closely for price action. This support zone is very important for further price movement. If the market bounces from it, we'll get good confirmation for a new upward movement. But if price drops below this zone, we'll see downward movement to 30.00 support level at least or even lower. For confirmation the up trend we'll need a price breakout above the resistance line of the price channel . But before this the market will have to return above the uptrend line.
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hi Dimitri!
Do you believe this could be a bullish flag?
Thank you for sharing your knowledge with us.
Your analyzes have helped us a lot!

Balas
I have a feeling litecoin will hit $75 or higher by year-end.
Balas
I don't think it will go lower than the support zone.

Maybe it will form the A&E bottom
Balas
I'm bullish on LTC in the long-term, but bearish in the short-term. That said, I've managed to scalp some profits (~$200) on it today.
Balas
@DLavrov
How to know support level & support zone ? thnks !
Balas
thnks your !
Balas
is there a 'best' timeframe to do the analysis on ?
Balas
I really like this chart, thank you! Extremely helpful
Balas
I think we're in a bear market and people are in denial. Really enjoy your updates.
+1 Balas
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