Get started
Litecoin / Euro
Long

LTC might enter buy zone soon

By s-h-o-c-k
Updated
LTC is currently falling down from the bear flag and is heading towards strong support where it is looking to break up from the bullish falling wedge. RSI is heading towards oversold. A short reversal seems very likely, watch green box and RSI (red circle) very closely. This would be counter trend trading, be careful, we're still in a bear market, this is still a downtrend and the correction is far from over (I expect us to go towards 80 € or lower depending on what BTC is doing)
Trade active
There is still room to fall some more, bear flag target is at 110. Be patient an wait for clear reversal signs. Break up from the falling wedge would be a safe entry.
Chart PatternsTrend AnalysisWedge
s-h-o-c-k

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.