Short
LTC nearing end of it's channel
Alright, measured move similar to the pump we saw in earlier 2015, both are up into structure resistance... time to start taking profit, or shorting, if you have the ability... and the balls. A return to 0.007 would be in order if this were to top in this range.
0.017xx would be the short area if it gets there, right at the top of the channel.
Quite extended here. I think the end is near. Unless we just dissolve into complete degeneracy and rally to new ATH's. Then I'll be left without words lol, but many others will be happy.
IMO holding further than this is just gambling.
0.017xx would be the short area if it gets there, right at the top of the channel.
Quite extended here. I think the end is near. Unless we just dissolve into complete degeneracy and rally to new ATH's. Then I'll be left without words lol, but many others will be happy.
IMO holding further than this is just gambling.
Note
LTCBTC hit top target on the nose on BTC-e. That was the short zone. LTCCNY is at a very interesting level with this pitchfork.
I think altcoin doom is near.
Note
BTC-e just officially hit exactly the top of the trendline between the last two major peaks... it's a weak trendline because only two confirmations, but still worthy to pay attention to.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.