sebastian.soik

LITECOIN - correction continues

Short
BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Litecoin turned lower off the upper boundary of the long-term trend channel, and it’s now testing the $64 support/resistance level again. As the coin is still deeply in overbought territory, more correction should follow in the coming weeks, with targets at $60, $56, and $51, with the $56 line being the most likely candidate, as the 61.8% Fibonacci retracement is also near the area.




----------------------------------------------------------------------------------------------------------------------------------------------
REVERSAL TARGETS 10.09.2017

++++ MAJOR ASSETS ++++

BITCOIN
RES 4400
TREND 4000
SUP 3800
SUP 3500
SUP 3150



LITECOIN (65.024 short)
RES 64
TREND 62
SUP 60
SUP 56 (!)
SUP 51


ETHEREUM
RES 300
RES 287
TREND 280
SUP 255




DASH
RES 360
TREND 300
SUP 265
SUP 220



---- MINOR ASSETS ----

RIPPLE
TREND .20
SUP .18
SUP .16




NEO
RES 35
TREND 22
SUP 16


ETHEREUM CLASSIC
RES 23
RES 18
TREND 16
SUP 14
Trade active: Consolidation top reached
clear bearish divergence

Trade closed: target reached: nice bonus.

Looks like we're at a bottom.

Reversal not confirmed yet.
Comment: Head&Shoulders possible, still no confirmation

Comments

Hope we go to $56 as that would be beautiful technical signal to go long and also the completion of a mature healthy correction. But will we? That is the question of the hour.
Reply
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