Litecoin explosion is over! Short and buy back cheap! Risk: low/medium
Litecoin has exploded recent days. We need to see a correction next days.
We have signal to correct further, if we close below 287. Be aware that 50MA (Purple line) is a resistance. We have already tested that line once.
Sell: Below 287 (Activated if an hour candle closes below this level)
Resistance: 276 (50MA)
Here's the plan:
Target 1: 245
Target 2: 230
Target 3: 210
Target 4: 192 (If coin drops further)
Note:
If we go up once again, we will sell around 330/320 levels, we can then add an extra target: 290.
After the short there will see chances to buy back litecoin at low levels, I'll keep you posted about that.
Let's play this game and maximize your profits!
Please, follow and like for more trading ideas.
Questions? Just ask and your feedback is welcome.
Good luck!
