Litecoin recently raised a lot and is formin Head and shoulders pattern, which means bulls are not strong enough to continue the trend.
Also BTC is very weak, most probably drop lower and possibly drag all altcoins.
Current entry is not the best option, better to enter on the trendline retest, that way risk reward could be much higher.
Also BTC is very weak, most probably drop lower and possibly drag all altcoins.
Current entry is not the best option, better to enter on the trendline retest, that way risk reward could be much higher.
Comment:
Stop loss at $265
Comment:
20% position fixed and SL moved to 263.5
I expect LTC to bounce back down once it completes the 'M' pattern.