Technical analysis by Peet_Serfontein about Symbol LTC: Sell recommendation (5/22/2023)

Litecoin: a correction back to its 200-day? A price action below 92 supports a bearish trend direction. Increase short exposure for a confirmed break below 90. The target price is set at 80 (just below its 200-day simple moving average). The stop-loss is set at 100 (its 200-week simple moving average). Negate the idea for a break above 94 (recent tops). Remains a risky trade.