Lou322

Bullish on LTC; possible re-entry occurred

Long
POLONIEX:LTCBTC   Litecoin / Bitcoin
6
Price was in cosilidation on the middle-Fib-Resistance-Fan-line. We broke support on the middle level and fell back onto the 75 Fib line.
IF support holds, the marked area should be a good re-entry. if not, re-entry should be considered in the Fib-Levels below. (0.618 or even 0.5 if BTC keeps rising as it is.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.