Ambassadorj

LTCUSD: 1W Me thinks on bearish trend to $20 range again......

COINBASE:LTCUSD   Litecoin / U.S. Dollar
As above.

Rejection at $50 was strong (mid BB on 1W chart) and EMA , RSI , and MACD on 3D and 1W chart looking toward weeks to months of continued bearish trend . The lower BB on the 1W chart is in low $20 and will not be surprised if it touches that in the next few weeks to months.

Some strong support needs to be broken in low $40s and upper $30s but once a few good dumps happen it will burn through that support... as usual.

Can only imagine that if sub $20s happen this year.... then literally "lights-out" for LTC as all these multiyear triangles to the moon will probably be invalidated.

Will continue to watch.

Good luck traders.

Comments

Shooting for a subpar $10 LTC
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Ambassadorj TF-Trader141
@TF-Trader141,

Thanks for the reply. I agree that this price range is a also a possibility in the not so distant future.
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