$LTC - Price analysis request:
Zooming on the weekly view, the price is moving on a key demand zone and major uptrend daily.
Now take a look at graph H4:
The price is still moving in the bearish channel, but several signs of bullish reversal are appearing, such as a new rebound higher than the previous one!
➡️Regarding the short terme price action:
The tenkan daily line is still rejecting prices, but I think the $72 resistance should be broken soon!
Im bearish📉 --> The price could retest the 70$ or 69$ support.
➡️For the mid & long term, the price remain pretty bearish, but we could see a retest of the 75$ resistance.
But for now, as long as the prices are below the 72$ resistance & the downtrend line, there's nothing much to expect❗️
The price could consolidate for some days, even weeks.
