We strongly suspect that the breakdown below 66.80 was false one, a fakedown. We estimate a full on comeback for the Litecoin and the rest of the market. A cross-over the 66.80 level will verify our bullish conviction and is likely propel price action towards 75.0 and 84.30 later down the road
Trade closed manually
The breakdown back below 66.40 suggests a change in the underlying trend for the worse. We're jumping out of position.
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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.