Liteoin
Litecoin Dumps from Highs, Catching Up with the Crypto MarketWeakness in the crypto market has caught up with Litecoin, which made a genuine attempt over the weekend for higher highs. We were able to break out from the $130-$140 range and test the $150's, but our level at $153 was too much for LTC and we came crashing down to support at $141. We are currently testing support at this level from above, which is significant because this was formerly our upper bound. Litecoin is still holding much stronger than the rest of the majors, which are all clinging to lower levels. If we can see a pivot at $141, then the next target is $147, then $153 again. If we break down further, then $134 is the next level where we anticipate seeing support.
Litecoin Dips, Finds SupportLitecoin has retraced along with the crypto market. Unfortunately, it was not bought back as swiftly as we would like, but is still finding support at one of our technical levels at $340. This is a level we alerted you about yesterday, and many reports prior. We consider this a great level to buy or add to a position, but if it does not hold, $322 will provide further support. There is a vacuum zone after that back to the $200 handle at $291. Former all time highs at $375 will provide resistance and we'll need to cross that again before considering $417 again.
LTC - My buy orders on the dip153, 151, 148, 146. I like to go 25%, 25%,25%, 100% from highest to lowest. at 146, there will be a bounce, and I can play it many ways to make a profit. These are the FIB lines shifted to nearest support or resistence lines.
Let me know if this helped you. Placing buy orders on the risk % takes a little more time but is always worth the effort to mittigate risk.