LTC. The beginning of the fall and the new lines of bulls and bears.

Hi, Steemians…

The sharp rise in LTC gave birth to hopes that the coin will show its full potential right now. But, as it turned out, in the absence of Bitcoin growth, in Litecoin, at least for now, this potential was limited.

First, we look at the general chart with a timeframe of 1 week. This will remind us of the main lines of the chart.

The main thing to remember is that all previous high prices of this coin are associated with a simultaneous increase in BTC.
It should be noted that LTC at this time, the only coin that has a positive trend since December. Below is the bullish support line 2, on top of the bear line 1.

This rise Litecoin has set new lines, which its price is likely to adhere to. Below is a graph with a timeframe of 1 day.

These lines are 3 and 4. In the crosshairs they give an equilateral triangle lying on its side. This is an indicator that the market has not decided where the price will go at the moment of the end of this pattern. I marked this moment with questions.

This situation is primarily associated with an unclear position on Bitcoin. By the end of March, the situation will become clearer. In the meantime, Litecoin will lose in value until it touches line 4. At the place of the coin owners, I would think about the possibility of reselling the asset to a cheaper one.

Thank you for reading and support!
Good luck!

The @upvoteinvest team

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