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fedeman23

Litecoin going down

Short
Litecoin / Bitcoin (POLONIEX:LTCBTC)  
fedeman23 Updated   
POLONIEX:LTCBTC   Litecoin / Bitcoin
Trend Analysis Chart Patterns Technical Indicators Litecoin (Cryptocurrency) litecoinbitcoin litecoinforecast litecoinprediction litecoinshort litecoinbtc LTCBTC LTC ltcshort
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trendanalysis chartpattern indicator litecoin litecoinbitcoin litecoinforecast litecoinprediction litecoinshort litecoinbtc ltcbtc ltc ltcshort
In the 4h chart it's clear a bearish flag, with LTC price that will probably touch the 100 EMA in the same zone of 61.8 Fibonacci retracement. Good coincidence, isn't it?

This is the overall picture.
snapshot
If the 100 EMA does not work as a support line, expect Litecoin to touch the white drawn support line.
Comment:
PS: This is a short term analysis
Trade closed: target reached:
Told you
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