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Litecoin
Long

LTC needs a retrace

By douglasaa
Updated
Waiting to go long again from the 50% retracement of the move up (target price $197). 50% stoploss at $175 and 50% stoploss at $167. First TP is $268. Idea is invalidated if we have a break of $238 with a new volume spike and an hourly close above $238
Note
snapshot
Note
snapshot

Note the reduced volume on this B corrective wave as compared to previous moves up. I think this is a bull trap and we will still see sub 200 for the third corrective wave
LTCUSDTrend Analysis
douglasaa

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