So tomorrow CPI (consumer price index) data will be released.
if CPI report comes below 7.9-7.8 it's going to be bullish for all the markets and this idea will be invalidated.
but part of me believes that report is going to come above 8.0 if that happens LTC and all other coins will fall to previous lows.
There is another scenario which I am also thinking it might happen. the market will fall below previous lows before CPI reports comes out. then market will pump. (The most likely scenario)
as of now I am shorting the Litecoin from 74.40 my current target is around 68-64$
i will update the idea time to time.
Thanks .. this is not financial advice please mange your risk