CrypticTrading
Long

LTC, 1D 0.618 reversal possible

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
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.

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Happy trading!


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