Warning Warning Warning! Litecoin! (LTC)

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Hi friends! Welcome to this update analysis on Litecoin!

This is a short, quick warning. I want to get this out fast. You can see that today's small bull flag bounce, has now rolled over, and turned into a big nasty bear flag . Price is now back under the $124 support level . After a weak bounce today, it looks like prices are poised to fall lower, possibly to test the bottom of the blue channel. Be on guard, because today's bounce appears to be failing. Be very, very careful right now. I would recommend very tight stops if you're long (for educational purposes only.) If the $105 handle is lost, LTC is going to plummet. The MACD never crossed over bullish , and the buyers have vanished. Be on high alert!

This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-MPC loves you-

oooh no
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

Should have read this lol.

much bull
really poop
+1 Reply
you realy are a poop :p
A lot has changed in the last 14 hours, any new thoughts after hopefully sleeping on it Poopmeister D?
How are we looking? I picked up 10 LTC @ 122 last night. You think we can get back above the 78% retraction mark or do you think that is the first resistance point going forward.
+1 Reply
s.anselam cmazbell
@cmazbell, niceee
poop, where you at man? whats the word???
+2 Reply
ZipZapZoop bkgordon549ca
@bkgordon549ca, Easy. Bear market. be careful. broken up of that small consolidation. bounced up the 105 target. Possibility of retesting the pink line short term and the EMA50. Overall slightly bullish short term on cryptomarket but still in a downtrend so trade at your own risk. ''not so humble market wizard'' Also we wait for confirmation of bullish reversal and shiet.

There you have it
+1 Reply
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