LTC USD descending triangle...........short away!

24 thg 4, 2018

LTCUSD

Descending triangle which is an indicator of downward pressure. Current price is 164.......overhead resistance 177. How many times have you had a great setup that you didnt take because you missed your entry by 1, 2 maybe 3 percent? This is an excellent risk/reward scenario with initial downside target of 105 which is solid underlying support. If the pattern truely holds to form, we should drop like a knife with second target of 71.