LitecoinShort
Litecoin Daily Dose 3/22/19
Litecoin is still showing signs that bears are more in control. I haven to changed my potential short at $68 and will continue to do so unless the price drops precipitously, then I am looking to re-long at $48. The only real worry is if Litecoin breaks that that significant trend line around $40-$41. What is also worrisome is that there aren’t any high volume nodes until $35. The safest play would be to re-long at $38 at this point even though the ascending channel is very bullish coming off such a long bear run.
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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.