Fundamental: Belive that LTC and all criptos will be down this cripto-winter again. We are in pandemics, recession and people need to live in fiat ( currently ). Dollar will be fight with inflation, and new deals with Europe and LATAM are running. That can strong the green dollar shortly,
Technicals: Like in Covid-crash march 2020, the indicators are in the same position. Stoch is oversold and can stay in this region that means lost of interest in the stock ( BTC ). MACD are looking for zero axing suggest a bearish bias, and by the least SQZ looking for red histogram ? We need to see the weekend.
Fibnoaccion and triangle analysis suggest a retracten to lower fibo band with intersect with price triangle and Gann fan lines ( that acts like supports and resistances ), So in my point of view ( 5 years reatail trader) there are many signals for SHORT.
And if you see 1W chart can see that are in overbought zone in all indicators.
TOP IN 1W and MINIMUN in 1D think there's is the perfect storm.
Technicals: Like in Covid-crash march 2020, the indicators are in the same position. Stoch is oversold and can stay in this region that means lost of interest in the stock ( BTC ). MACD are looking for zero axing suggest a bearish bias, and by the least SQZ looking for red histogram ? We need to see the weekend.
Fibnoaccion and triangle analysis suggest a retracten to lower fibo band with intersect with price triangle and Gann fan lines ( that acts like supports and resistances ), So in my point of view ( 5 years reatail trader) there are many signals for SHORT.
And if you see 1W chart can see that are in overbought zone in all indicators.
TOP IN 1W and MINIMUN in 1D think there's is the perfect storm.