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!
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I've mistaken the stop out price on this post. It should be $40 (actually any close below $40 would be the confirmation). Sorry.
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Updated chart. My apologies. A close below $40 in the next few days is confirmation that we've gone bearish:
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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".
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Litecoin up through one ascending triangle. Bigger triangle ahead.