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Delchoni
Mar 24, 2019 10:59 PM

Litecoin is not looking that bullish anymore Short

Litecoin / DollarBitfinex

Description

Will start with the FA and the fact that Litecoin's github was very inactive during the past year. Technically, taking a look at the price action, Litecoin ran out of steam and it time for some retracement (it has done more than a 2x since it hit Charlee's target for 20$ per LTC). I think we will see a significant move in the near future and the BBW is confirming my idea. Rising wedge + bearish divergence with the AO. Will take profits at the red lines, but my final target is the POC of the VPVR which also happens to be a fib. Don't forget to use a SL.
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