Litecoin could not hold the lines! Now what?

Litecoin failed to hold our lines (see last post on Litecoin). We have one more critical support at $42. We break that and I am out and bearish on Litecoin again.

Good luck Litecoin longs!

Kommentera:

I've mistaken the stop out price on this post. It should be $40 (actually any close below $40 would be the confirmation). Sorry.

Kommentera:

Updated chart. My apologies. A close below $40 in the next few days is confirmation that we've gone bearish:

Kommentera:

Litecoin now battling to get above 50 MA and Middle Bollinger. Also there is a descending trendline (small RED) to fight against. Will all of these pressures force us down further or will we POP and SPRING ABOVE?

Your thoughts please. I would like to know how the majority of Litecoin traders feel at this point? Simply comment below with either "UP" or "DOWN".

Kommentera:

Litecoin up through one ascending triangle. Bigger triangle ahead.