quantguy

Litecoin Presses Lower

Short
BITSTAMP:LTCUSD   Litecoin
Litecoin keeps pressing lower, solidly breaking $147, and finding support at $141. We are seeing some green triangles on the KRI here, indicating that we are seeing support, but we keep seeing lower highs, suggesting we are forming a bear consolidation pattern. If we break down, we should find support at $134, which will take us deeper into the $100 handle. If we are able to clear the $140's, then there is a vacuum zone back to $158.

Join my discord at discord.io/quantguy
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.