Litecoin boom - Short term pull-backs
We are finally in the bullrun of crypto again!
We found the E point and are in an ascending channel. For some long term analysis I would like to repeat I am bullish on litecoin continuing its climb upward, and am expecting some pullback once $180 is hit. Near the middle moving average on the daily.
For the short term single night I believe we are already seeing the pullback from strong mental resistance line of $150. More than likely we will see this counter acted by the strong support at $137, from the MMA and previous support/resistance. But if you're trading your current holdings I would check the risk of losing long term gains if we don't call the bottom of this pull back correctly. It's your currency and your risk. Not your fiduciary.
Strictly for livemen not for freshmen!
We found the E point and are in an ascending channel. For some long term analysis I would like to repeat I am bullish on litecoin continuing its climb upward, and am expecting some pullback once $180 is hit. Near the middle moving average on the daily.
For the short term single night I believe we are already seeing the pullback from strong mental resistance line of $150. More than likely we will see this counter acted by the strong support at $137, from the MMA and previous support/resistance. But if you're trading your current holdings I would check the risk of losing long term gains if we don't call the bottom of this pull back correctly. It's your currency and your risk. Not your fiduciary.
Strictly for livemen not for freshmen!
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