Litecoin dropped 30 % and is setting the BUY zone between 175 and 165. It's possible that Litecoin will begin to work its way back into the 200s from here. A descending wedge could form as pictured above. During this time, corporations will be loading up at every swing low as retail buyers exit trades for a loss.
Anything is possible in this market, but Litecoin is still very much in the midst of a bull run. RSI is key - 4 hour charts could provide buying opportunities anytime RSI is below 40
Anything is possible in this market, but Litecoin is still very much in the midst of a bull run. RSI is key - 4 hour charts could provide buying opportunities anytime RSI is below 40
Trade active:
Litecoin has formed a nice reverse head and shoulders. There have been 2 great opportunities to buy around 165, and from here, we would like to see the price stay above the 20 MA.
