ltc-joe

Litecoin finishing wave 2?

Short
ltc-joe Updated   
BITFINEX:LTCBTC   Litecoin / Bitcoin
Could see a bit more downside before up, China is important to ltc as well so that can be an excuse.
Comment:
Bouncing here at .0155. At least for now.
Comment:
Going lower....looking for a hit of the first target
Comment:
Still expecting a reversal soon around .0161-.0162...if the price manages to sustain above this level then I will probably believe the bottom is already in.
Trade closed: target reached:
: )
Possible that is all we get or way may get a nice bounce before heading to target 2. Wouldn't count on it though.
Comment:
Yup, support retested on the 1h and looks like it held:
Next obstacle is the blue descending trendline, above there and I think its fairly safe to say the bottom is in.
Comment:
Oh noes, support broke, next target coming!
Comment:
yup, access denied! Now former support made resistance, 30 min chart:
Trade closed: target reached:
Thanks for playing.
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