Litecoin bull trap
Hi guys! As we can see Litecoin seems to be bullish short term but we should always look at bigger picture first. And bigger picture is clean - bear market. And I really do not think that bear market will end here by breaking 200 day MA. Another thing is I see nice bear flag with possible single digit target - probably bear market bottom. Good luck!
-DP-
-DP-
Note
Litecoin has printed reversal daily candle and week will be definitely closed red. Bulls seems to be knocked-out for now..
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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.