LitecoinUpdated A little update to Litecoin
I know that this looks pretty strange given the circumstances and you will be thinking ... this guy is crazy.
Six days ago I commented on the possibility of touching 320 near March 20. This is the chart. That day we were at angle 2/1, the conditions are now different, angles lost and the whole market going down. People in social networks are worried and confused. things do not look very good.
Even so the levels are still the same ... If you see the first graph (related idea) right now we are sitting on the R & S at the level close to 170. Really NOTHING out of the ordinary.
This does not mean that I feel confident, I am carefully analyzing the BTC graph (right now..... 8667, very good support)
Nothing personal.. only angles and supports.
Let's see how it develops.
Six days ago I commented on the possibility of touching 320 near March 20. This is the chart. That day we were at angle 2/1, the conditions are now different, angles lost and the whole market going down. People in social networks are worried and confused. things do not look very good.
Even so the levels are still the same ... If you see the first graph (related idea) right now we are sitting on the R & S at the level close to 170. Really NOTHING out of the ordinary.
This does not mean that I feel confident, I am carefully analyzing the BTC graph (right now..... 8667, very good support)
Nothing personal.. only angles and supports.
Let's see how it develops.
Note
We are already on the red angle which gives me confidence to say that 8/1, the last angle won the battle. For the moment I will use this same graphic and I will focus on 187 for March 25. I'll see how it develops.It is still very early and as people begin to regain confidence I will have more information to make a new plan.
Trade closed manually
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.