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Trader6127

LTCUSD [REVISED] - 50% Cyclical Short Trade? Capitulation?!

Short
Litecoin (BITFINEX:LTCUSD)  
Trader6127 Updated   
BITFINEX:LTCUSD   Litecoin
Chart Patterns Trend Analysis Technical Indicators LTCUSD LTC Litecoin (Cryptocurrency) Bitcoin (Cryptocurrency) Cryptocurrency 2k18bearmarket 2k19cryptoreversal
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chartpattern trendanalysis indicator ltcusd ltc litecoin bitcoin cryptocurrency 2k18bearmarket 2k19cryptoreversal
Previously I posted a short trade for LTC following the November 2018 sell-off, but limited information invalidated the trade:
LTCUSD - 50% Cyclical Short Trade? Capitulation?!

Now that the range is clear we can prepare to short this market again. Here's the weekly view:
snapshot

***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Comment:
The bearish divergence between price and RSI/MFI is now shining bright. Watch for a rejection around the current price level.
snapshot
Comment:
Rising wedge...
Comment:
Comment:

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