Litecoin has exploded recent days. We need to see a correction next days. We have signal to correct further, if we close below 287. Be aware that 50MA (Purple line) is a resistance. We have already tested that line once.
Sell: Below 287 (Activated if an hour candle closes below this level) Resistance: 276 (50MA)
Still a good idea to short? its been hovering around this zone for a few hours now.
Trades999
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@austinmfcoats, Thank you for your question. The chart looks clear to me, so we can still short, but it is possible that we will form a lower peak if we go up one more time. If that happens, we can short from higer levels. (SL: 343) Keep in mind that there are differences in the charts of exchanges, before you enter trade and when you place your TP and SL.
Would you please provide the update TA for LTC? still holding it as a big chunk of my portfolio, not sure if I should short it. Please advise, thanks!