Litecoin. Sliding on downward trend.

In the last review on Litecoin we wrote about high chances to go under $ 100.
Since then Litecoin has been consolidating in narrow span of $ 120 - $ 130 keeping on downward trend.
Trend indicators show signals to sell both on weekly and daily charts.
Moving averages and downward trend line are very close to current rate.
All these open a good opportunity to open short positions.

Entry is $ 120 - $ 125
Stop is $ 131 - $ 135
Target is $ 75 - $ 80

Wish you profitable deals!

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