Two weeks after the Litepay launch and more importantly the volatile trading period; LTC has continued within its flag pattern .
Shedding nearly $100 in value since 2/20 falling to a current low of $151.
Bulls will be looking for support around 140, based on prior reversals that occurred around that price point.
If the bears break the support level , my analysis recommends a $100 support level where a significant reversal will occur as larger bullish investor drive the market upward.
Key Takeaway:
Volatile price action within increasingly bearish market will soon drive tremendous reversal.
Patience and an understanding of market sentiment will ultimately decide the winners and losers.
Do not jump the gun utilizing sma-5/10 for early entry signals.
Breathe and Walk away if necessary.
P.S.
Keep an eye on papa BTC!
HODL!
BE SURE TO COMMENT and Critique. I am looking to gain actionable feedback. Thanks!
Shedding nearly $100 in value since 2/20 falling to a current low of $151.
Bulls will be looking for support around 140, based on prior reversals that occurred around that price point.
If the bears break the support level , my analysis recommends a $100 support level where a significant reversal will occur as larger bullish investor drive the market upward.
Key Takeaway:
Volatile price action within increasingly bearish market will soon drive tremendous reversal.
Patience and an understanding of market sentiment will ultimately decide the winners and losers.
Do not jump the gun utilizing sma-5/10 for early entry signals.
Breathe and Walk away if necessary.
P.S.
Keep an eye on papa BTC!
HODL!
BE SURE TO COMMENT and Critique. I am looking to gain actionable feedback. Thanks!