CrypticTrading

LTC, 1D 0.618 reversal possible

Long
BITFINEX:LTCUSD   Litecoin
Title says it all. As bears have called for blood all day and targets below $50, LTC is showing some strength regaining its position at the 0.618 fib level on the 1D.

Bullish divergence can also be found within LTC/BTC and the falling wedge is sitting on support.
Going to be interesting to see what plays out from here.

To support updates please give this post a like!

Happy trading!


This is not financial advice DYOR before trading and do not base trades solely on this post.
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.