crossed 50DMA on April 21. From previous trends it looks difficult that it can move above that. Also, it is currently holding between .5 and .618. If the .618 level breaks, we might see go down new lows. However, if .618 level holds, we might see some bounce. 200 DMA remains the last line of defence. Once broken it may be long road to trend reversal.
There is some hope for reversal. The volume
on this downtrend is low and the mini alt season could pump up volume
enough to get . But, that is the trend on LTC, the green candles have high volume
while the red candles have low volume
but they come in clusters.
Accumuclating alts before the alt season is the best strategy but LTC is not the pick of this season.