Short the resistance line, with stop above it, Long the blue box.... with stop under it.............. stochs need a reset as well , therefor i expect a retest of the 6500 ....if long term support doesn't hold, expect mayhem
Because litecoin loves retraces towards golden zones, and we just made a move down , it almost seems logic we will go back up towards another golden zone...
laddering in slowly from this point. Stop under the blue line
Looks like LTC is going down under the same angle as it went up. Unlike Bitcoin, where the correction goes in gentle slope down. This could mean, LTC could very well retest its recent lows, and double bottom from there ...or worse
I took a long position laddered from 49 till 48 , i will average down till 45, stop 42, target blue box