Crypto Analyst Forecasts Downtrend for Litecoin

The anonymous crypto analyst Kaleo, closely followed by crypto investors, expressed belief that the prominent altcoin Litecoin (LTC) may have already reached its peak during its pre-halving rally. According to the analyst, the direction for LTC may now be downwards. Analyst Suggests Litecoin Could Embark on a New Dip Journey Kaleo proposed that Litecoin might be mirroring its price action during the second half of 2021, a period in which it surged over 187% just to go through a few months of a bear market. The analyst suggested that Litecoin recently retraced from its bear market trend line, due to LTC bulls failing to show momentum above $110. “That’s why I went short on LTC: There was a clear return from resistance. The pullback after the last breakdown of the range incredibly resembles what we saw at the end of 2021. A pullback at that time ended with the price […] The post Crypto Analyst Forecasts Downtrend for Litecoin appeared first on COINTURK NEWS.