kaafinancial

LTC retrace pattern still playing out well

BITFINEX:LTCUSD   Litecoin
This trade idea is still playing out pretty well. I did have to adjust it a bit for time but the general path has been pretty good since late April. That dump we had a few weeks ago threw the top of this channel off a bit but I think we see a retest of $114ish and depending on what the bears have left maybe even $96-$100. We can still get a good bounce at the end of this flag to break out into another bull run and flag. I would wait for a double bottom if we do drop to jump back in and confirm we have bottomed.

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