Litecoin Outlook Sets $53.77 Daily Close Trigger for $47.56 Downside Case

Technical analyst Dikshant Dibbey’s November outlook makes a daily close below $53.77 the condition for a $47.56 downside target, while setting $53.77 to $59.24 as its base range. The outlook identifies $59.24 as the 50-day exponential moving average (EMA). A daily candle above that level would point to a conditional upside range of $65.74 to $74.53. Dibbey wrote that “the evidence leans bearish while LTC trades under the $59.24 EMA.” An intraday move below $53.77 would not meet the stated downside condition, which requires a daily close beneath the level.

Source: TokenPost