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BankBoy
Apr 19, 2018 4:22 PM

4hr Chart, the Bigger Picture 

Litecoin / Tether USDPoloniex

Description

Ok, so here we are zoomed out of 15 min, on 4 hr chart. You can see we have bounced off earlier trendline in green, broke through recent downtrend resistance in aqua, and have broke through the next resistance at 137 black dotted line. Our next target is to meet the upper downtrend resistance from the ATH and will probably be rejected back down to form the lower high before continuing upward, to heaven. I am retargeting my sell point to be around $159-$162, will probably scale out of my position starting at $158, and looking for the bounce around $130 to buy back in.
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