LITECOIN - Sell Idea (Short-term)
The failure the crack the key-level resistance of $128.10, followed by the breakdown below the key-level support at $122.70 is a strong indication that price action will continue on this downside path, at least for the short-term period of time. The next significant key-level support at $116.75 represents our short-term profit target for this new bearish campaign.
Trade closed: target reached
Hitting profit target at 116.75! Case still open for a new short position if price action breakdown below the trigger key-level at 111.43
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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.