Fuderick is right once again. Litecoin, the WORST performing cryptocurrency for the past 3 years, failed to break $4,50 once again. Now, it actually looks like a DOUBLE TOP, which means it is very likely that Litecoin will crash once again and find support around $3,30.
I hope some of you listened and shorted LTC with all your money with high leverage.
But it...
First reliable breakout signal off the downtrend after the long 7 months bear market for Litecoin. (Correction from 48 USD -> 3.3 USD. 14x decrease in price)
We also have a double bottom made on 22.10 CNY (3.3 USD).
This is an extremely good risk/reward place to be taking position on Litecoin with stops at 21.69 CNY.