Litecoin Trend Reversal - The Bears will get runover by the Bulls! (Long!)steemCreated with Sketch.

in #trading7 years ago (edited)

Litecoin - We have hit Bedrock!

Litecoin found support at the $200 mark (a big even!). Its MACD is showing signs of trend reversal, and its RSI (Relative Strength Index) is below 50. It will most likely challenge the resistance at $379. That's a 36% potential gain!

Remember to always set your Stop Losses and protect your profits!

I wish you MASSIVE profits,


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What cryptocurrency would you like me to cover next? Would you want these posts to be more detailed in a Technical Analysis standpoint or simple and to the point? Do you agree with this position? What do you think will happen?

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Disclaimer: Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Hi :) Really nice post, it was a pleasure to read and i hope you continue because I started following you. Best regards, Ana :)))

Thank you! And welcome to the team!

Good post. I'll be sure to remember this support level next time it breaks down.

Had some buy limits at $285 because that was the previous support level. After LTC breaks $310 again I'll be sure to set buy levels at both $285 and $200 in case of a larger dip :)

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