Litecoin rejected from $70- where to next?
After the LTC halving the coin has been in a strong downtrend. The previous bounce on 29 August saw the FVG partially filled. Fib extension levels showed the $60.31 and $43.4 levels are the next downward targets that Litecoin could reach in the coming months
Entry: $70.7 (mid-June low)
Take-profit: $56 (17 August low but LTC could drop much lower)
Stop-loss: $75.84
R:R- 2.79
Entry: $70.7 (mid-June low)
Take-profit: $56 (17 August low but LTC could drop much lower)
Stop-loss: $75.84
R:R- 2.79