tl93

LTCUSD has a decision to make: breakout or retest support?

COINBASE:LTCUSD   Litecoin / U.S. Dollar
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Notes in chart, keep an eye on where the current weekly candle closes. Volume has been increasing recently, and RSI is coiling up. Safe buy is $65 with healthy profit taking at key resistance levels. Failure to breakout will involve a retest of local support.
Comment: typo in chart on Target 2, should say $100 not $50
Comment: False breakout; pullback dropped us back under that strong downward trendline. Possible retest of $43-45 support incoming.
Comment: T1 and T2 hit. T3 expected to be hit by end of year.

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