Litecoin In Retrace Mode | Chart Mapped (8X Lev.)

20 Jan 2020

Here we have Litecoin (LTCH20) retracing. We can clearly see a break of EMA10 and EMA50 being tested.

Since Litecoin grew by 29% in this last wave, it is likely to see prices retrace further and test at the least the 0.618 Fib. retracement support, this would also match EMA200.

You can find all the important levels marked on the chart.
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20 Jan 2020

Nota

Previous analysis:

23 Jan 2020

Nota

The drop is now taking form.

24 Jan 2020

Nota

Trade: SHORT LTCH20 | Litecoin

Leverage: 8X

Buy-in: 0.006795 - 0.006400

Targets:

1) 0.006210 |Hit 23-Jan. (+44%)
2) 0.006060 |Next target...
3) 0.005850

Stop-loss: Close daily (D) candle above 0.006940.

Liq. price: 0.007385
(Current price 0.006550)

Potential profits: 96%

Capital allocation: 7%.