Short

LTC is looking very bearish, target 35 usd

By pietersielie

Updated

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91 usd support broke as expected, next stop 70usd is what i'm expecting.

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price bounced on 72 usd, looking at a retest for 89 usd before further downside continuation

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Target of 89 dollars hit, we are seeing a inverted hammer candle on the daily, bulls seam to be losing steam at resistance, i'm looking at price to make its way down to 70 usd, but ltc is looking quite oversold, and thus im of the opinion we will see some consolidation first before the next move. As BTC is the dominant currency in crypto, if it manages to break 6800usd, ltc would be looking up at 100usd. Im keeping a close eye on the bullish behaviour off the lows. Ill keep you updated, Good luck and happy trading!

Trade closed manually

btc broke 6800, looks bullish, it would be foolish to let ltc stay short

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35 usd hit on kraken, bitfinex doesnt count anymore wither not being 1 to 1 to usd.

pietersielie

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