LTCUSDT - Retest of the liquidity zone on a downtrend
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LTCUSDT.P is forming a local rally after breaking through resistance at 78.0. The market is bearish, but within the bullish run, the altcoin may test liquidity at 79.4 - 81.0.Bitcoin looks weak, a rebound from resistance is forming, and Friday's daily bar indicates strong bearish dominance. A fall in the flagship currency could trigger a fall in LTC after a local rally...
LTC looks slightly stronger than the market. The target of such a rally may be hidden behind 79.4 - 81.0. In the current situation: global downtrend, low market liquidity, I see this as a manipulative hunt for liquidity before a decline.Resistance levels: 79.4, 81.0
Support levels: 78.0, 77.0, 75.4A retest of this resistance cluster could end in liquidity capture and a false breakout. Consolidation below 79.4 could trigger a reversal and a decline.
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LTC and BCH is doing well