LTC/USD at decision point - Bounce to $130 of sell off to $50
Litecoin / Dollar BITFINEX:LTCUSD
Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart.
Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50.
This trade is driven by 3 main factors:
- LTC currently sitting at key support $95
- RSI is oversold
- RSI forming falling wedge
1st target is $130.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
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