LitecoinShort
LTC: down trend
Today I will be covering LTC. Lite coin seems to be in a downward parallel channel. I see it continuing to play this pattern out because BTC will also be heading downwards and there is no signs of a reversal. It will either make a double bottom at 104 or try to start an uptrend and hit 148 where the trend line the pitchfork and the fib extension all meet. MACD looks like it may cross over to support this new mini uptrend.
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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.