TradingView
Plethron1
May 17, 2019 5:56 AM

LTCUSD Litecoin at long term resistance 

Litecoin / United States DollarCoinbase

Description

Ciao Friends,

Litecoin just got rejected by long term trend line resistance, if it is not able to go through it will get rejected and a pull back at 61,8% fib level is expected or a 200 MA which can act as support.

Trade active


Head and shoulders pattern formation at 4h chart, wait for confirmation at neckline, my buy back orders at 74.50 USD but be careful quick move to the downside can be in play

Trade active

At the neck line

Trade active

Head and shoulders is not playing
Let's see if we can pass above long term resistance line

Trade closed: target reached

LTC broke through
Let's see if it can hold on these levels
More