Going short on LTC? Watch out!!

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Hello everyone!

We have just witnessed the breakdown of the bearflag. First target now is 165USD (78,6% retracement). The following target is the lower part of the descending channel , 155USD.

Bear in mind folks, that March 14th is a key date due to the closing of CBOE -0.58% 3.88% Bitcoin Futures -1.76% 8.65% , contract XBT/H8. This is scheduled for 14 March 2018 14:45:00 CDT 4.17% 4.17% , and as we know from previous experiences, the whole crypto market is extremely reactive to this event. Caution is therefore advised for the following days.

That's all for now! Good luck and please hit the like button if you'd like an update on this analysis! Should you have any comments/questions, feel free to comment below!

Thank you and have a great day!
Comment: First target: 165USD - Reached.
Next target: 155USD
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