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martijnk1

LTC Short position for an 11% profit

Short
Litecoin (KRAKEN:LTCUSD)  
martijnk1  
KRAKEN:LTCUSD   Litecoin
Trend Analysis
3
0
trendanalysis
Why:
- Descending Triangle
- Below 55 EMA and Kumo (a false breakout to the upside will retest here and probably bounce back)
- Below 50 on the RSI
- WT and MACD trending down
- Decreasing volume
- Measured move hits previous support
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