CoinMajesty

LTC - Bearish Butterfly

Short
CoinMajesty Updated   
POLONIEX:LTCUSDT   Litecoin / Tether USD
I missed the train but not going to FOMO on this. I don't think LTC is ready yet for this years massive pump. Still got some more correction to do and more weeks to go. I'm still bullish long term.

Two short term bearish signs:

- MACD 1H about to cross down.
- Bearish Butterfly Harmonic Pattern.

LTCBTC also touched a huge resistance.


Good luck!

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Trade active:
Stop-loss if it breaks the upper resistance level.
Trade active:
LTCBTC is now showing a bull flag. This could be actually going up and the bearish pattern to fail.

Trade closed manually:
In the end the Harmonic Pattern dumped higher but it played out after the bull flag pumped LTC up.


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