Mayday Mayday - Litecoin

Updated

100 EMA held Litecoin bull flag formation

SHORT SIDE

If it breaks to the downside (closes beneath $200) this strongly supports the C wave .....my buy limits are:

€162.87
€156.34
€147.64
€131.24

(Blue Line) 61.8% retracement signaling the next uptrend

LONG SIDE

Breaks the 50% retracement (Green line) we're extremely bullish.....my profit limits are:

€203.42
€221.46
€246.07
€282.98

Note

broken to the downside - using the limits above to catch the falling knife - everyone reading this is long term bullish about litecoin so if you're like me you want as many littecoins for when we return to the ATH and beyond :)

Note

Litecoin getting dragged back up with Daddy Bitcoin ...big resistance at €176.44 - starting to look more bullish....bears will join sides if holds above €185

Note

LTC needs to hold the line here - otherwise we could see a big sell off

Bitcoin stability will be the key factor

2 IF statements seen below ......high % we keep going sideways.

Always wait for the breakout before making your entry and exits

Note

LITECOIN FLASH SALE:

Will the 3 descending peaks play out for a second time in a row!?

ocon442

Also on:

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.