TradingView
Lorenz_Capital
Apr 3, 2019 2:24 PM

Litecoin - Time to Short? Short

Litecoin / DollarBitfinex

Description

This has historically been a big resistance level. and the overbought conditions feel very similar. this is a ballsy move shorting something pumping this hard, but if there was a level to wait for - this would be it.

RSI conditions similar to August 2017, when a following 40% drop occurred from these levels. I cant imagine this continuing to pump on the daily, until we see a decent pull back at least, but anything could happen when FOMO is this present, so small risk, and tight stops would be advised.

Stop above $100

Best of luck, hit thumbs up
Comments
barenakedcrypto
mate you are right, i dont think we break 5250 on the weekly either, hitting 100EMA resistance and its not going up

Should see entire market retrace followed by top 7 and below alts pump hard
More