LTCUSD 8 Aug 2023 on the Daily timeframe. It can be seen that this crypto is experiencing bearishness after almost touching R1 at the end of last month. Drop towards S1 line from 92,410 until now it is at 82,280. When referring to the RSI indicator, it can be seen that the chart of this crypto is below the 50 level, which indicates that it is still in a bearish trend, which makes go-short an option for opening trading positions. However, if this crypto is able to reverse the trend and then penetrated the 38.2 level and headed towards the 50.0 Fibo level, then go-long can be an option for traders. Stay alert to market changes and movements.
