The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The price of Litecoin crashed in the short term after Bitcoin's massive drop. LTC/USD is trading at 70.55 at the time of writing above today's low of 68.08. The altcoin dropped by 19.83% from yesterday's high of 84.92 to 68.08 daily low.
In the last 24 hours, LTC/USD is down by 16.33% and by 20.59% in the last 7 days. The bias is bearish, so more declines are favored despite minor rebounds.
LTC/USD activated the major Head & Shoulders pattern after taking out the 88.44 level. You knew from my previous analysis that the altcoin developed the reversal pattern and that it could crash.
Now, it has taken out the channel's downside line and the 50% (83.37) retracement level activating a larger drop. It has ignored the 61.8% and the S3 (72.19) confirming massive selling pressure.
Yesterday's aggressive breakdown below the channel's downside line was seen as a selling opportunity. Temporary rebounds could bring new selling opportunities. Now, it has retested the weekly S3 (72.19). It has registered only a false breakout through this obstacle, so a new lower low is seen as a bearish signal.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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