Hi friends! Welcome to this update analysis on Litecoin!
This is a short, quick warning. I want to get this out fast. You can see that today's small bull flag bounce, has now rolled over, and turned into a big nasty bear flag . Price is now back under the $124 support level . After a weak bounce today, it looks like prices are poised to fall lower, possibly to test the bottom of the blue channel. Be on guard, because today's bounce appears to be failing. Be very, very careful right now. I would recommend very tight stops if you're long (for educational purposes only.) If the $105 handle is lost, LTC is going to plummet. The MACD never crossed over bullish , and the buyers have vanished. Be on high alert!
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
