FX.co ★ #Litecoin chart analysis

Hello traders. Litecoin. The price movement is currently under selling pressure, with previous attempts by buyers to hold above the 79.98 high not succeeding. The instrument is currently trading around strong levels. To continue the downward trend, it is necessary to break the local minimum at 74.82 and establish below it. In this case, the critical point will be the high at 81.64. In a bearish scenario, the target for sellers will be to reach the lower level at 73.10, a level where the price has bounced off multiple times in the past. I am also considering a reversal towards the buyer's zone. Holding above this level will signal the end of the bearish trend. In this scenario, the EMA indicator should provide a buy signal.