Litecoin IHS to $179
Litecoin broke down as I suspected. It was up against too much resistance and lots of profit takers at the $180 level. It's currently creating an Inverse Head Shoulders with a target back up to test $180. That would be a nice level for profits. After that I see a healthy retracement down to the $154 level to build liquidity; so we can go higher for another profit taking near $220
Let's see how this plays out over the next 7-10 days.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Let's see how this plays out over the next 7-10 days.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Nota
After re-entering the channel above $146 LTC dropped back below which is short term bearish. This will likely take it down to the $103 region. The best we can hope for now is to hit that level; print bullish divergence on the 4hr, which could then give us enough HP to regain momentum.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.