NickPadovani

LTCUSD- A Simple Look at the Moves

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Hi all, I haven't posted in a while (although I'm fairly sure no one pays attention anyways lol), but I'm here with a chart that's short, sweet, and to the point.

Looking at the weekly chart, I have my eyes on two points that would determine a move. By the end of the week, if we-

1) Close at or below 168.50, consider selling your position and look towards some nastier downside, possibly into the 130s.
2) Close at or above 202, consider buying or holding your position, as we will be breaking out of a channel that we have established.

Which is more likely? It's hard to say. A few days ago, we touched a very much needed Fib point at 162, so this could possibly be the end of our retrace, and a continuation towards ascension. As we all know with crypto, there is not hard evidence towards one answer or the other, so the best we can do is keep an eye on what our signals are telling us. I'm aware that my two target lines are nearly 40 dollars apart, but these are the sort of confirmations we must await for bigger plays.

Trade safe and have fun!
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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