<center>![Avatar Trade2.JPG](https://steemitimages.com/DQmdYS9kddtwL5FdPXagGGEyvphp6Tjki6kag7Z5iPUvMWZ/Avatar%20Trade2.JPG)</center>

On 3/14 I posted,

<center>[Crypto Analysis Report 3-14-18 Litecoin Testing The Buyers At $160 Again](https://steemit.com/bitcoin/@rollandthomas/crypto-analysis-report-3-14-18-litecoin-testing-the-buyers-at-usd160-again)</center>

In the post, I mentioned price is testing the level $160 once again currently, but anticipated price going deeper into the zone as there might not be any more buy orders at the $150-$160 level.  I stated if price broke the $140 level, price was going to go down to $110, but didn't explain WHY???

NOTE: price did bounce at the $140 level on 3/18, but couldn't take out the sell orders at $180 (orange arrow). 

The $110 level is a daily demand zone, but nested within a weekly demand zone.  It's also low on the curve.  Lastly the wicks in early Feb signify there is a significant amount of demand orders at this level.  Price couldn't even get to the $110 level because there were buy orders sitting above the $110 level.  This set up is a classic bear trap and at this level many traders will be picking up Litecoin at a discount.   

![](https://steemitimages.com/DQmPAZBuuuoD6zXr2ofHHMFjYajYy9RmKo8UN8ouQYYHDRt/image.png)

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.


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