whatsinthecupsir

Litecoin short term TA Day 4

BITFINEX:LTCUSD   Litecoin / Dollar
Litecoin bounced off the resistance a few times before completely blowing through our long term support (yellow line). Please check out my day 3 and 2 TA in the related ideas section to get more reference.

With that support broken, we are approaching another key support of about 140. I have another buy zone (B) at about 140-143. We already reached 144 a little bit ago, but currently this downtrend does not look its stopping any time soon.

If we do break 140, then the next support is in the 136-138 range, from when that was touched a few weeks in mid-January. If that is broken....

I still have current resistance at 175-180, though we need this train to turn around before we can even think about seeing those numbers.

I will update this if our support is broken, or if the train decides to turn around.
Kommentar: So we did break one of our supports, so all we have left is testing our previous low of 138 (green dash line). I'm hoping LTC will go sideways for a little so it can consolidate at this level. We do not want it going any lower than it already is.
Kommentar: So Bitifinex (The exchange this chart is based off of) has been relatively higher than GDAX. I only use GDAX so my next charts will be based off GDAX.

GDAX has seen LTC into the mid 120's. This huge sudden dip I believe is from fear of many. A lot of people are selling looking into buying in cheaper.

We currently don't have any main support from a TA wise, but I will be keeping a sharp look on the movement of LTC as the next few hours go by and will keep this idea updated.
Is Litecoin still lightning?
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We go lower....
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whatsinthecupsir apribytkovsky
@apribytkovsky, yeah... don’t have any support anymore TA wise, but psychological wise $100 is but knowing crypto that could be broken in seconds.. let’s see how low we go
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Do you think we will go back to $175-180 and then back down?
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whatsinthecupsir apribytkovsky
@apribytkovsky, yeah, I believe that is what will happen since I still believe resistance is in that range. If we have the volume to break it then 195-200 will be our next target.
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apribytkovsky whatsinthecupsir
@whatsinthecupsir, Thank you.
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