icexch
Short

Litecoin. The next stage of the bearish trend.

BITTREX:LTCUSD   Litecoin / Dollar
So, the idea of a short from $ 200 from the past review on Litecoin worked out. The local minimum was exactly above the specified support level of $ 100.
The rebound from the support turned out to be quite strong and the rate today is exactly on the fast moving average and the former local support level , which has now become the resistance: $ 165. This is a good place to re-enter with short positions. The goal is already traditional for cryptocurrencies: -50%, that is about $ 80, stop above $ 200 that is 25%
Support levels: $ 100, $ 75, $ 50
Resistance: $ 165, $ 200, $ 220
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