Feb 8th - Daily Litecoin Market Update {VIDEO}

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Hi all,

Smash the Like + Follow if you found some value.

Also drop a comment and tell me where you think Litecoin is headed in the short-term. Also are you bullish or bearish on the market fundamentals and why?


Trade active: doji candle now printed signaling market is undecided on what to do.

litecoin triggered our buy entry of $38 and smashed all the way into our profit taking zone peaking at $44. Let's see how things progress. Like I said in the video I anticipate that the next couple of days could be sideways action as the market resets and prepares for another bullish impulse. things would look really bearish if litecoin were to retrace back into the descending channel so watch this price action closely the rest of the weekend.

Comment: Fib extensions added. hitting some resistance at the 127.2%. LTC is still being supported at these higher prices. Next major step for LTC is to break through it's 200 Day MA to be on par with TRX. If you start to see a breakdown in prices might be good to take 25% profit off the top in this profit taking zone.

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