Ohms09

LTC still poised to go higher, but will retest lows first

Long
Ohms09 Updated   
BITFINEX:LTCUSD   Litecoin
On my last chart I predicted 127 was resistance for LTC and that we needed to close above it if we were to go higher. We reached it but it didn't close. Now, I want to draw your attention to the left of the chart, notice the candle I circled in purple. If we look at 50% of that candle and draw a line across to the current price (The thick pink line) you see it lines up around the 104-105 range. I think before LTC will shoot up it will retest that area first. So if you're looking to buy LTC I would wait a little and see if it can go down lower
Trade active:
Just as predicted. LTC is heading to $105. Set your buys around $106 just to be safe
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