#LTCBTC - A Small but Profitable Short

By theCrypster
Updated
#Litecoin has recently reached new highs and has been ranging in the upper band since late last year. We appear to be consolidating within tighter ranges recently and can see a small but profitable drop to meet the ascending trend line.

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Comment
We didn't quite make it to the trend line just yet - but there's still plenty of space here to get that downward move in!
Comment
Well this fresh downward move broke below trend support and then some!

We don't mind being incorrect when our expected profit has more than doubled
Comment
As #BTCUSD exploded up in recent days, it looks as though #LTCUSD didn't as this chart of #LTCBTC has dropped and then some!
Chart PatternsTechnical IndicatorsLitecoin (Cryptocurrency)litecoinshortLTCLTCBTCltcbtcshortltcshortTrend Analysis
theCrypster

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