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Devan-CryptoCharts
Nov 10, 2021 4:29 PM

LTC/USD Chart Short

Litecoin / United States DollarCoinbase

Description

Before I start to talk about LTC I would be grateful if you could follow, like and comment about the idea.
First of all we can see from previous bull runs that LTC always has a strong run in the Q4, and it seems that this time its gonna be the same. In my previous LTC chart (check linked idea) I drew the main resistance, and told that when we break ou that level the coin would explode, and that happened. I still believe in a new ATH for LTC this year, but for now I would think that a correction will happen because the market is overbought, because of the RSI (above 80). However BTC chart is looking very bullish, and I think that after LTC corrects the coin will start to run again. Tell me what you think and comment your thoughts about crypto. Thanks
Comments
thedarklord369
go ahead and short it early lmao
Devan-CryptoCharts
@thedarklord369, I am shorting when I find a bearish pattern is the 1h chart, btw I already have a decent LTC bag
Haji420
@thedarklord369, Id say he called it pretty good.
Devan-CryptoCharts
@Haji420, I sure did
Shang96
show us your short then...
Devan-CryptoCharts
@Shang96, the main purpose of the chart is to explain that the coin won't have another rally until a correction happens. I never post my low time frames set ups, because I am not qualified to give financial advice
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