Crypto trade of the week - Litecoin - Massive false breakout
Bulletproof Traders in-house trading activities present our recently established bearish overview on Litecoin.

The Litecoin had hit a huge wall of resistance at 175.85, just as we expected and warned over during last month. the big pullback off that important resistance key-level is a serious indication for a potential full-fledged downside reversal.

A turnaround at this point could be a very big deal, sending the price of Litecoin to the levels it came from back in late 2020, when it first started to build this bullish cycle.

This means that we might be witnessing Litecoin entering yet another bear market with the potential to cut up to 75% off its current value.

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