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Fibonacci Resistance rejection. Shorting intact.

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTCUSD eventually reversed after reaching near 70.000 values, which was the Lower High on an extended 1D Channel Down ( RSI = 39.059, MACD = -3.129, Highs/Lows = -3.7207, B/BP = -6.4760) as well as the 0.5000 Fibonacci retracement level since the 49.500 bottom. After the currently oversold STOCH , STOCHRSI, Williams values on 1D are addressed, we expect this bottom to be put on a test again. This remains our TP = 49.508, 33.195 (September 15, 2017 low), but on a 1W basis the Lower Low potential for Litecoin is far greater extending as low as 33.195.
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Real nice chart and comment, bro! I've also seen Dude's analysis on ETH that I really loved. You should check it out and see what you think!



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@nickhalden, Very interesting, thank you for sharing that.
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