LTCUSD Breaking down?

Position: Leaning Bearish

Alright, so my last call on this one was not dead on, but I still think it holds true that it could break down. I adjusted my lines accordingly.

Lot of different names for this sideways setup. Bull flag , bear flag , head and shoulders , box play. Take your pick. Here's the deal. If we break below this $205ish level, we are most likely going to see the 160-170 area and potentially further down. If we break up, with solid sustained buying, we are going to $300. I lean bearish , but we will see.

To be clear, LTC has been much stronger lately than BTC or ETH. If we get deep pushes down with both of those, I don't think LTC will break it's $100 low. That's pure speculation, but it would fall in line with the patterns its been making.

I have buys set up at both those areas. Should be a great play.

Happy trading!


Here's my last call for what its worth -
Do you think it will bounce again when it hits $120 again?
good stuff!
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