[LTCUSD] Update: Target Hit, Searching for support

Summary:

Litecoin price action always gives us a hints of where market is headed. Price has been in correction for a while and the bear flag target has been hit today.

The recent swing low has formed another bear flag whose target zone is at long term trendline support zone. MACD has crossed to the downside which makes it easy for the price to reach the bear flag target. Overall crypto market has bearish sentiment going on for quite a few weeks, lets hope the market finds the bottom soon and rallies up.

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Disclaimer:

I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.