LTCUSDT is currently in a bearish pennant pattern on the charts. The pair is attempting to break out of this pattern, which could lead to a potential bullish trend.
However, there are some factors that suggest a bearish outlook for LTCUSDT. The pair is currently below the 4-hour resistance level and daily supply level, indicating a bearish sentiment in the market. Additionally, if the pair manages to break below the $94 area, it could create a new bearish impulse.
As a result, traders should wait for confirmation from Plancton's strategy before opening a short position on LTCUSDT. Plancton's confirmations could provide valuable insights into the market conditions and help traders make more informed decisions.
However, if the price of LTCUSDT breaks out above the $98 area and confirms it, the bearish scenario could be invalidated.
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