Litecoin Daily Dose 3/14/19

Mar 15, 2019

I actually like Litecoin’s price action, but not in terms of a long. There was a great short at $60. Bearish divergence had already formed and this was at a retest of a break out in an ascending channel. Long-term LTC is bullish to me because of this expanding channel vs one that constricts so I do see a lot of opportunity to trade this. At time of writing the current price is about $57 but the price did eventually drop to about $55 so that would have been a 10% profit. There is still a possibility that LTC can drop to $46. At that point that would be a solid long position.