Litecoin going down

Not the moment to be increasing ones position on LTC for so many reasons. $60 at least should be expected, if it fails to find support then <$40 should be expected.

Trade active:

H&S on 4-hr chart

Trade active:

So far so good. A buy under $60 is great, $50 excellent, $40 I'm going to start following you...

Trade active:

$50 LTC on the way - be patient whilst others are greedy

Trade active:

Shorts now very low.. when the masses go short expecting the price to rocket the opposite happens. This is going to pinch.

Trade closed: target reached:

3-day chart now showing we've landed on the golden ratio, the 0;78, we should except a bounce upward.

The 1-day chart continues to look bearish with expanding Bollinger band. For those interested in timing the market, you might want to hold off. Not me though, timing I leave to others.

Look at the one week chart, LTC has just landed on major support with oversold Stochastic RSI now lasting almost three months!

Trade closed: target reached