Litecoin short-term to $152? Descending triangle formed

in cryptocurrency •  7 years ago 

download.png

Litecoin seems to have formed a descending triangle on the hourly chart. However, prices haven't broken the 0.5 fib yet.

If this level is broken, we can see the price dropping to around $152. Next support is at $146. MACD is looking bearish too.

However, a positive development in BTC can reverse this. I am neutral on BTC at the moment.

Just an idea. Please do not trade on this. DYOR.

cryptocurrency litecoin bitcoin ltc litecoinprediction
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    1
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    Target reached:

    download.png

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00