🔥 LTC Downtrend Continuation: Bear Flag Pattern

With BTC on the verge on reversing from a short-lived bullish reversal, LTC will most likely follow BTC downwards.

As seen on the chart, LTC is currently trading in a small upward edging channel in between a larger downtrend. In case this upwards edging channel's support gets broken, we might have completed the bear flag pattern. This pattern-type is often a catalyst for the continuation of the overall trend, which is bearish in this case.

In case the bearish trend from BTC will continue, we might visit the lows of $125 again. Wait for confirmation before entering this trade.

Happy trading!