Coin Telegraph
GOOD EVENING STEEMIT!
What a day to be a Litecoin holder!
$100 Litecoin!
...Well $98 Litecoin.
...And for just a second.
...But we'll leave those in subscript because $100 LITECOIN sounds too good not to say.
As a trader, I do find the psychological aspect of a round number amazing. Human beings like round numbers and take notice of them in markets as a result. There is no greater example of this phenomenon than how the price of Litecoin reacted to the $100 level.
Well if you're a follower of mine either here or over on Twitter, you'd know I've been bullish Litecoin for a while now. I just hope you managed to catch the train as it was leaving. You had plenty of opportunity!
Let's take a look at the charts, starting with the daily below:
LTC/USD Daily
If you weren't a crpyto believer then you'd be forgiven for looking at that Litecoin daily chart and calling it a bubble haha!
But with price already pulling back $20 or so, we don't have to call it a bubble because we're seeing a healthy pullback here.
Don't be upset with this pullback, smile :)
LTC/USD 15 Minute
As for the intraday chart, if it wasn't a Saturday and I was actually on the ball, this was a nice short.
Higher time frame resistance holds at the $100 and then here are 2 entries as price pulls back to short term previous support turned resistance.
Crypto offering textbook technical trading setups once again.
I just know that gramps is up there looking down on us, proud as punch.
We bought Litecoin gramps. We bought that Litecoin.
Peace!
Related 
CHART ART Blogs
CHART ART BlogsIf chart setups that I've spoken about before are related out then I'll leave them here.
CHART ART: LITECOIN TRADE UPDATE. MAKING THOSE PIPS!
CHART ART: LAST CALL FOR LITECOIN ON PLATFORM 1. ALL ABOARD!
Please leave a comment with your ideas or just share a chart.
Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.
Twitter: @forexbrokr
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Website: www.forexbrokr.com
