Long

LTC swing trade idea

Updated

Litecoin seems like a pretty good deal if you consider the rhythm of log returns. The fun will last shorter than usual unless we can break out of downtrending peak returns, and this would put us facing more losses. Notice how there is a higher proportion of red vs green in each third of the chart. I think we have yet to see peak losses.

Good luck and hedge your bets.

Note

Retest 115 or flush down. Things are looking like a flush down is more probable.

fringe_chartist

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.