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Peet_Serfontein
May 22, 2023 5:59 AM

Litecoin: a correction back to its 200-day? Short

Litecoin / United States DollarCoinbase

Description

A price action below 92 supports a bearish trend direction.
Increase short exposure for a confirmed break below 90.
The target price is set at 80 (just below its 200-day simple moving average).
The stop-loss is set at 100 (its 200-week simple moving average).
Negate the idea for a break above 94 (recent tops).
Remains a risky trade.

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