Litecoin H&S: Watch 48 support
We've build a slightly tilted H&S on Litecoin: Watch for 48-47.5 support. The direction we will break depends on grandpa BTC/the rest of the Altcoin market. But should BTC break its current equilibrium bearish, Litecoin would be a perfect candidate to play.
Also on the weekly, 50 is a huge psychological S/R zone, where we had consolidated for weeks, before we broke it down: we're not gonna go through it like butter.
Should we break bearish, we would still be inside the Weekly bear flag in that scenario.
Have a wonderful Saturday crypto friends! ;)
Also on the weekly, 50 is a huge psychological S/R zone, where we had consolidated for weeks, before we broke it down: we're not gonna go through it like butter.
Should we break bearish, we would still be inside the Weekly bear flag in that scenario.
Have a wonderful Saturday crypto friends! ;)
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