hptrader03

Update: Litecoin Short

Short
BITFINEX:LTCUSD   Litecoin

LTCUSD

Two days ago I charted the coin to go down then little pull up until it meets support at pink line. If all the bars are red till the coin reaches the support, it is more likely to pull up till resistance of $100 pink line without a minor pull up and retest at $52 pink line. Looking at the 20ma and MACD, it is more likely that there might not be any retest of support once it pulls ups.

Let me know what you think
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