Litecoin Daily Dose 3/21/19
Litecoin has been a little tricky to trade and since I’ve closed out my short at 60ish I haven’t reentered this trade. It’s currently trading around $59.410 at time of writing but I am still expecting a drop. It might bounce here but according to my rising wedge I think any bounce here is detrimental to its price. I originally had a short position set for $68 but am reluctant to believe it might even reach that level. I think the safest bet is to wait for LTC to drop to $38-$43. A semi-safe bet is to re-long at $48.50 but I will have to see how this price action reacts to my yellow EMA line. I am currently flat but if LTC does hit $68 I think I would have to seriously considering shorting again.
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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.