BillCharison

LITECOIN, Regular UPDATE - Down Priority!

Short
COINBASE:LTCUSD   Litecoin
There is ONE important level on $LTC, we will used one to make the whole analysis you read at the moment. We need to understand that this level can be broken in case $BTC decide to continue its upward rally. In other words, this level is the resistance. If we see that the price trades below this level, H&S or Double Top patterns - we SELL (there are 70% chances that this scenario will happen). However, in case we will see another scenario in play and the price will break through the resistance - you can BUY, targets were mentioned on the chart. At the moment the priority is downward.

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