
Crypto ( LTC, XRP , Total ) Daily Outlook for 05.09.2023
Litecoin- Drop to 40 by year’s end, if not even sooner?
After the “halving” sell the news and the false break above 100 figure, Litecoin dropped like a stone and at this moment is trading back to important 60 zone support.
The structure is extremely bearish and considering the overall sentiment for the crypto market, I expect a break under this support.
I’m looking to sell above 70 if it even has the power to rise there with a target in last year’s low at 40.

XRP- 0.4 is still my target
On my 21st of August XRP analysis, I said that after the drop-back under old resistance, which should have provided support, the coin is not looking good at all and the more likely scenario is a down continuation to 0.4 next support.
The coin, as expected, tested the old resistance from 0.55 and dropped again.
Now, we are in a small correction from the recent drop, and if/when we dive under the flag’s support, a continuation to 0.4 is the most probable scenario.
In conclusion, sell rallies remain my preferred strategy and as long as the price is under 0.55 I will stay bearish.

Total will drop hard if it dives under 1T zone
After retesting the recent high in the 1.2T zone during mid-summer, the Total Crypto Market cap has begun to decline and has dropped to the 1T zone support level. The rise on August 23rd was, in fact, only a spike, and the bulls were unable to sustain their gains. Now, we find ourselves once again near the support level.
Considering the inability to achieve a new high in the summer and the subsequent drop to this horizontal support, I’m feeling very pessimistic about the future. If we break below this support, it will expose the next level at 870, but to be honest, I’m more focused on the possibility of a test of the 750 low.

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