FxDollarZz

LTC - Strong Over-Head Resistance - Could Go Down To $100-$120

Short
BITFINEX:LTCUSD   Litecoin
Litecoin is facing some heavy overhead resistance from a descending trend channel plus a horizontal resistance level at $170-$180. Price is rejecting this level on the 4 hour chart and could be headed down to $100-$120, where we should have a really nice buying oppertunity.


Daily chart view:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.