Litecoin Market Breakdown - June 17th
- Price holding uptrend to a T, but that doesn't mean that it will continue to
- Although we've had a clean wick off the $40 support level, still not bullish momentum yet.
- Litecoin is completely dependent on the price of Bitcoin, along with the rest of the coins
- If the candle closes below this trend, theres a good indication that the price is going to go back down to $42 or even $39.
- $42 is my entry target because that is the start of the uptrend, and would complete this prior move allowing Litecoin to be able to move back up
