COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTC is getting a serious pump right now. While I believe it was over sold and due for some attention, watch the trend line at 43 for rejection to see if we are still on a path of decline or looking to break a trend and move upwards.
Comment: Watch for a 4HR close above the orange line, could signal a possible reversal, but at this point I'd be weary of buying the tip of this monster wick.
Comment: Watch the 41 to 41.50 area for a possible bounce. While that 4HR candle is beautiful, it is not enough to believe we have a reversal but not closing outside of our trendline.
Comment: 41.50 was good for the bounce. Sold at 42.50. Will continue to watch and trade based on price action.
Comment: 43 is being retested, watch this 4 hour candle for a close below or above 43 closely, with the news for LTC coming tonight; we may see some action that TA cannot provide perfect insight to.
Comment: Silver bullet chicken. o_O
Comment: @iSovereign <3s chikuns
Comment:
Good scalping on LTC during this weeks events. I would be careful trading above the trendline.
Comment:
Below the trendline again. Just a 15M chart for a closer look.
Comment: Still LTC has rejection and is in a bear move, despite the tremendous growth the other day.

Comments

dewwwwwm! \o/
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@Rawr, needs moar dewm! \o/
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Doppler17 speracado
@speracado, As i was noticing your charting thanks btw ( good visual). The third screenshot i'm seeing an indication of a "Lower low's". Do you see this and would this be you would be open to short?
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speracado Doppler17
@Doppler17, At this time I would not feel comfortable opening any short lower than 45. The pressure above the downtrend line right now is a good indicator of strength building. While 43.50 seems to be the most resistive point.
+1 Reply
I think it is just a short retrace. I expect it to move pass 43
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