Litecoin Showing Bearish Signals | Potential Drop Mapped Short

BITMEX:LTCH20240

Description

⋅ Feb 2, 2020 8:11 PM

Litecoin (LTCH20) is showing multiple bearish signals, prices can easily drop here unless the last high is taken out.

If LTCH20 closes below 0.007553 (EMA10), prices can easily drop and hit 0.007060 (EMA50.

The MACD is showing a bearish cross and bearish divergence.
There is also a bearish divergence with the RSI.

Volume is dropping, we also have a bearish candlestick when the last peak hit...

All these signals are telling us that Litecoin can drop.

We have an active trade for LTCH20 with 8X leverage, feel free to hit LIKE to see the full trade... We will share at 111 likes.

Here is our previous leveraged trade | Ripple (XRPH20) Full Trade As Promised (Over 500% Profits Poten.

Thanks a lot for reading.

Namaste.

Comment

⋅ Feb 4, 2020 9:34 AM

@BBLREGBO | Trade: SHORT LTCH20 | Litecoin

Leverage: 8X

Buy-in: 0.007790 - 0.007470

Targets:

1) 0.007295 |Hit 4-Feb. (+38%)
2) 0.007000
3) 0.006777
4) 0.006399

Stop-loss: Close daily (D) candle above 0.007940.

Liq. price: 0.008485
(Current price 0.007645)

Potential profits: 156%

Capital allocation: 7%.

Date: 2-Feb. at 2:56 PM GMT-4.

Comment

⋅ Feb 6, 2020 5:00 PM

Patience is key.

Comments

Harry_Seldon

⋅ Feb 5, 2020 9:00 AM

Do you still think it can go lower Alan ? I'm tempted to close that one.

ProjectSyndicate

⋅ Feb 3, 2020 9:40 PM

btcusd 4hour intraday update target 10 000 usd.