Risk: low/medium
Litecoin has exploded recent days. We need to see a correction next days.
We have signal to correct further, if we close below 287. Be aware that 50MA (Purple line) is a resistance. We have already tested that line once.
Sell: Below 287 (Activated if an hour candle closes below this level)
Resistance: 276 (50MA)
Here's the plan:
Target...
In my opinion the litecoin is now going to go down as the 4H chart display a candle showing indecision and the come back of sellers. RSI Overbought as well.
I have no idea till where it'll go. I am not an expert.
Those of you who saw my chart yesterday know we correctly called the bottom AND the bounce back up. This was done with simple triangulation...two weeks ago. So it's not all about the fancy TA tools.
So where are we now? It looks like we aren't going to break out of our triangle yet, so expect some more ups and downs. These should resolve before November 4th,...
All altcoins are underperforming compared to Bitcoin. LTC is the same as others. Short it for the next hours and then buy it again.
As always if you have any different idea lmk, thanks!
