Since October 2020, Litecoin (
LTCUSD
) has only closed below my daily close support trend line TWICE. The 1st daily close below was in December and it was only for 1 day, which means it turned out to be a false breakdown. In the following 9 days, Litecoin went up 78%. Tonight was the 2nd time.
Will history repeat itself? Or will Litecoin begin a further decline below $193 and head for the declining support around $170? Let's see what tomorrow brings. I'll be ready for either scenario. Are you?
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
LTCUSD
) has only closed below my daily close support trend line TWICE. The 1st daily close below was in December and it was only for 1 day, which means it turned out to be a false breakdown. In the following 9 days, Litecoin went up 78%. Tonight was the 2nd time. Will history repeat itself? Or will Litecoin begin a further decline below $193 and head for the declining support around $170? Let's see what tomorrow brings. I'll be ready for either scenario. Are you?
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
Trade active:
A 78% move up from the low would now bring us right up to the resistance line. INTERESTING, isn't it? Let's see what happens.
Trade active:
Scenario 2 in my writeup: "Will Litecoin begin a further decline below $193 and head for the declining support around $170?" The answer is yes!
Comment:
Just beautiful.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Good luck!
Good luck!
