LCFXpro
Short

LTCUSD SHORT TRADE

KRAKEN:LTCUSD   Litecoin / U.S. Dollar
80.00 Major level again being rejected as we see an over extended bull run come to an end, looking for a high test candle closed to validate the short setup.

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latest btcusd call TP hit +1 000 USD. click play to recap. new update soon.
btcusd 4hour intraday update target 10 000 usd.
Reply
What bull run is coming to an end? I'd bet against that call. I guess it's easy to forget the chart doesn't drive the market; the market drives the chart...
The bull run hasn't even started yet. This is just a manner of consolidation where people are entering positions in anticipation of much larger impending market movements. Once we pass the previous ATH, then the bull run will begin. Hopefully by EOY we'll be well past the previous ATH. Maybe that's overly optimistic, history would put it closer to Q2 2021, but I certainly wouldn't be surprised if we do pass it before Q4 2020 because of the nature of network adoption.

Time will tell. $80 won't be rejected for very long.
+1 Reply
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