LTC Analysis 7/11 LTC-USD

Now LTC / USD has actually reached its long-term trend line and is oscillating around it. All support on the way down was destroyed without major problems, further confirming the strength of the bear market.

Technically, the situation around LiteCoin now looks very bleak and it is not foreseeable when the journey to the depths could come to an end, as there are now virtually no relevant support areas that could possibly stop the fall in prices.

However, the day is also closest when the night is darkest. This little motivating hint, however, is not intended to be an invitation to blind and countercyclical investment. There is currently not a single technically bullish sign justifying an investment in LTC / USD.

It only helps here to wait and wait for signals that indicate a recovery. Unfortunately, more cannot be done at present. I will not analyse LTC again until there are clear signs of an improvement in the market situation.

This is NOT investment advice and does not encourage buying or selling. Every reader is aware of this and makes his own investment decision with his own understanding of risk management!

Cheers Jessy