LTC is about to blow !!!
Updated
Litecoin recently raised a lot and is formin Head and shoulders pattern, which means bulls are not strong enough to continue the trend.
Also BTC is very weak, most probably drop lower and possibly drag all altcoins.
Current entry is not the best option, better to enter on the trendline retest, that way risk reward could be much higher.
Also BTC is very weak, most probably drop lower and possibly drag all altcoins.
Current entry is not the best option, better to enter on the trendline retest, that way risk reward could be much higher.
Comment
The 'M' pattern on 1h timeframe forms a very good resistance.
I expect LTC to bounce back down once it completes the 'M' pattern.
Comment
Stop loss at $265Comment
20% position fixed and SL moved to 263.5Disclaimer
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