Shorting LTC if it goes below the earlier resistance channel
LTC has been withing the downtrend channel over the last few days.
Good thing- But has shown some support today at the bottom of the last resistance channel. If it breaks that and goes below I expect it to go closer towards the previous level.
Bad- (Almost) Every coin is in the red today showing a bearish mentality among investors. I expect people to be taking profits or cutting losses over the next few hours.
Waiting today for it to either go below or stay above the bottom of the resistance channel to take the final position.
PS- I'm a newbie coin investor trying my hand at ideas. Take my advice accordingly.
Good thing- But has shown some support today at the bottom of the last resistance channel. If it breaks that and goes below I expect it to go closer towards the previous level.
Bad- (Almost) Every coin is in the red today showing a bearish mentality among investors. I expect people to be taking profits or cutting losses over the next few hours.
Waiting today for it to either go below or stay above the bottom of the resistance channel to take the final position.
PS- I'm a newbie coin investor trying my hand at ideas. Take my advice accordingly.