phil.steuerwald
Long

Litecoin could not hold the lines! Now what?

COINBASE:LTCUSD   Litecoin / Dollar
Litecoin failed to hold our lines (see last post on Litecoin). We have one more critical support at $42. We break that and I am out and bearish on Litecoin again.

Good luck Litecoin longs!
Comment: I've mistaken the stop out price on this post. It should be $40 (actually any close below $40 would be the confirmation). Sorry.
Comment: Updated chart. My apologies. A close below $40 in the next few days is confirmation that we've gone bearish:

snapshot
Comment: Litecoin now battling to get above 50 MA and Middle Bollinger. Also there is a descending trendline (small RED) to fight against. Will all of these pressures force us down further or will we POP and SPRING ABOVE?

Your thoughts please. I would like to know how the majority of Litecoin traders feel at this point? Simply comment below with either "UP" or "DOWN".

snapshot
Comment: Litecoin up through one ascending triangle. Bigger triangle ahead.

snapshot
its OK
snapshot
+1 Reply
phil.steuerwald lovemusic.love.52
@lovemusic.love.52, I like it!
Reply
Yes, a lot of head fakes for LTC and Eth as well,patience will prevail! Thanks for the heads up.:)
+1 Reply
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