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Krystiannwk
Jun 26, 2017 11:52 AM

LTCBTC short opportunity  Short

Litecoin / BitcoinPoloniex

Description

Import level to observe are 0.020000 which is combined with solid GAP on weekly chart. This GAP rejected strong bullish movement and move pair back to 0.0100000. There was another attempt to reach .020000 but it ended up with head and shoulders formation and visible rejection at 23.6%(head of the pattern) and 38.2%(both shoulders). I will not be surprised if the pair will reach 0.010000 level in medium term.

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