I am not a professional so take everything I say with a grain of salt. The pattern you see just completed and as we all know do not trade until a pattern confirms.
We could see a test of the low 150's if that fails we will see where it goes from there. I am shorting this from the 162.22. No bottom projection but i will only buy back if the trend changes direction.
May your trades be ever in your favor.
We could see a test of the low 150's if that fails we will see where it goes from there. I am shorting this from the 162.22. No bottom projection but i will only buy back if the trend changes direction.
May your trades be ever in your favor.
Trade active:
Trading at a lower time frame could have been very profitable for the scapler. Currently, the bulls are working hard and I hope they continue but the have the 55, 100, and 200 EMA's to contend with on low volume.
Comment:
So, could not resist too play this pump. Jumped in at 161 (note I got in below my 162.22 short). Adding a few dollars for the dip.
Trade closed: target reached
A similar pattern is forming on BTC, so by virtue of this we can assume that LTC is will experience further downside. I am not a bear on LTC but I am taking advantage of the bear market.