quantguy

Bear Wedge in Litecoin??

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin is testing lower levels, after rejecting the $150's. It appears to be finding support just above $141, which appears to be the lower bound of what looks to be a bear wedge forming. If we break through this, we will find support from $134, which will take us deeper down into the $100 handle. If we can muster some momentum, then we have a vacuum zone to $158.

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