LTC/USD at decision point - Bounce to $130 of sell off to $50

Jun 13, 2018

Dear all,

Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart.
Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50.

This trade is driven by 3 main factors:
- LTC currently sitting at key support $95
- RSI is oversold
- RSI forming falling wedge

1st target is $130.


Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.

All the Best from the Crypto Space
Alteroc



AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading

Jun 14, 2018

Note

A visual identification of the Bear zone and Bull zone

Jun 14, 2018

Note

We need this 2 candles pattern to stay for a reversal

Jun 14, 2018

Note

We got a bullish engulfing, so far looking good