LTC has been trading in a range that can be considered a Wyckoff accumulation zone, where whales buy LTCs from shaken and frightened plebs. The dump can just be a liquidity test to shake out the final plebs' weak hands.
But to avoid sounding permanently bullish, I have drawn a bearish scenario.
My prior idea,below, was right, where I grudgingly considered a drop to $55.
But to avoid sounding permanently bullish, I have drawn a bearish scenario.
My prior idea,below, was right, where I grudgingly considered a drop to $55.
