LTCBTC point of decision

BTCE:LTCBTC   Litecoin / Bitcoin
LTCBTC             is heading to a major support level . with a oversold rsi on the weekly we could see a bounce here. if 0.005850 wont hold i expect a big selloff. Looking to risk reward it might be a good long here with a stop under 0.00580. if it doesnt hold the support it will make 3 year lows.

Happy trading,

almost time to buy
FoxTrading FoxTrading
@FoxTrading, its time
+1 Reply
Turco FoxTrading
@FoxTrading, IT IS TIME!
daaumn, right on the money... another chart would be good master...
Big selloff coming?
FoxTrading AndreyDrogal
the multi year bottom on ratio havent been taken out yet. 0.00585 is the key level to watch.
AndreyDrogal FoxTrading
Multi year bottom was broken. It means time for opening short position?
Agreed, had big volume spoke on weekly candle to .00612, then been real low/diminishing ever since...tells me the downtrend losing steam
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