Don't Get too Excited About the LTC Bounce

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTC is just testing a double bottom . It makes sense to buy the previous low for safe traders, but there is a slight bearish divergence on the OBV. Again I don't want to call the bottom or top perfectly but want to ride the trend, even if it means to lose some gains on the way. If LTC breaks the resistance i.e the green lines plan your trades according to the resistance lines accordingly.
Bearish downtrend. Completely agree.
There will be more bounces during the donwtrend. It's obvious.
The fact is that the price is headed to $50.
No one believed me when I said it at $250 and now, more people are supporting my idea.
First, I was a noob, a stupid, a crazy man...
Now, they believe in this possibility.
It's easier to believe in this possibility now than when it was high. It's normal and I don't blame them.
LTC next stop keep being bearish
techgod99 GazMema
A humble 7% drop.

If it breaks any major resistance is broken, long position.
If any support is broken, short it.

I don't have any assumptions I do what the charts tell me.
+1 Reply
GazMema techgod99
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