Shorting LTC
I don't like litecoin, and believe this ancient coin will go to the ground.
Fake news makes me believe smart money pumped the price to enter short positions, as I've been waiting to short this coin for months. As I am bearish on BTC, I am shorting LTC, planning to increase my position in the next minor pullback.
Sometimes simple analysis is best: bearish divergence on the daily, coin has been stagnant and ready for it's next move.
This will be invalidated if BTC reaches a new high above 53kUSD.
Stay safe out there.
Fake news makes me believe smart money pumped the price to enter short positions, as I've been waiting to short this coin for months. As I am bearish on BTC, I am shorting LTC, planning to increase my position in the next minor pullback.
Sometimes simple analysis is best: bearish divergence on the daily, coin has been stagnant and ready for it's next move.
This will be invalidated if BTC reaches a new high above 53kUSD.
Stay safe out there.
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