Litecoin / BitcoinShort
LTC Might Fall Short
Updated
Two Possible Scenarios.
Plan A, Looks like a head and shoulders pattern is forming with volume decline, and if it does i'm looking to short LTC all the way down to the 0.011-0.010 support level. To confirm the short we have to see if the price will fall below the trend line (black line). Plan B, looks to bounce of the trend line and go up until resistance line at 0.021. From there it might breakout but i'd expect it to bounce of the resistance line and come back down to test the trend line (possible ascending triangle).
Plan A, Looks like a head and shoulders pattern is forming with volume decline, and if it does i'm looking to short LTC all the way down to the 0.011-0.010 support level. To confirm the short we have to see if the price will fall below the trend line (black line). Plan B, looks to bounce of the trend line and go up until resistance line at 0.021. From there it might breakout but i'd expect it to bounce of the resistance line and come back down to test the trend line (possible ascending triangle).
Trade closed: target reached
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