$LITECOIN, Plan Remains the Same - BEARISH!

COINBASE:LTCBTC   Litecoin / Bitcoin
Looking at the global LTC chart we can easily find the global support level. Unfortunately, Litecoin is located very close to this level and ready to break one .

As you might understand, this level is very strong, because it has rejected the price twice. Therefore, in case it will be broken, the overall bullish trend will be changed to the bearish .

Why do I think that this support will be broken? Bears tried to break it for 2 times before and usually it is needed only 3 times to break through the support. Moreover, all people who hold LONG position placed their stop losses before this level because of which it is a very juicy place to visit.

As the result, overall setup is bearish .
Work in the team of Crypto Klondike.


Public Telegram Channel:

Join Bybit with us:




Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out