LTCH19 LTC Bitmex Bitfinex LTC is about to encounter a retrace/ the rest is above in chart. Alan-masters also is in this trade which I agree on this one. XBT BTC is hitting heavy expected resistance at 3800 XBTUSD and will most likely reflect off this line for now. All indicators show we are at a higher risk of a retrace to find a new support and looking short term very bearish. The longs have started to take profits and LTC seems to be especially susceptible.
Entry : red box in chart
SL: 1310
Target: 1160/ 1115
Leverage: no more than 15X recommended/ use cross for conservative shorting
