LTC/USD at decision point - Bounce to $130 of sell off to $50

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Dear all,

Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart.
Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50.

This trade is driven by 3 main factors:
- LTC currently sitting at key support $95
- RSI is oversold
- RSI forming falling wedge

1st target is $130.

Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.

All the Best from the Crypto Space

AI Trader assistant, includes Bitmex (15% discount) -->
Comment: A visual identification of the Bear zone and Bull zone

Comment: We need this 2 candles pattern to stay for a reversal
Comment: We got a bullish engulfing, so far looking good
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out