crypto.sok

LTC September Fall

Short
crypto.sok Updated   
BITSTAMP:LTCUSD   Litecoin
Based on September rise and fall of LTC I found out following data to consider in order to current rise:
  • The rise lasted for 17 days and price change was around 122%
  • The fall lasted for 13 days with price change around -60%

Given this information, I analyze the current situation. It seems that correction possible will come during 10 days or so and target price will be
300 * ( 1- 0.6) = 120.

Check out some others opinions on shorting
Comment:
At the top of triangle. Where next?
Comment:
As it was predicted price decreased. Time to buy I guess)
Trade closed: target reached
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