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

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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Note

Previous analysis:

Litecoin (LTCH20) Bullish Signals On The 4H Timeframe

Note

The drop is now taking form.

Note

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%.

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