Line_Tech

LTCUSD ANALYSIS

BITFINEX:LTCUSD   Litecoin
PRICE SEEMS TO BE HOLDING OUR BEARISH TREND LINES WHICH IS A GOOD SIGN . WE HAVE IDENTIFIED A SERIES OF SYMMETRICAL TRIANGLES WHICH WE HAVE USED PREVIOUSLY TO PREDICT WHERE WOULD PRICE LIKELY MOVE , A BULLISH PINBAR HAS DEVELOPED TO REJECT OUR LOWER TREND LINE OF THE CHANNEL , WE HAVE THEN DEVELOPED ANOTHER SYMMETRICAL TRIANGLE .WE ARE GOING TO MONITOR PRICE AND OBSERVE IF IT WILL HOLD OUR SYMMETRICAL TRIANGLE TREND LINES FURTHERMORE PRICE IS AT A VERY KEY SUPPORT LEVEL(OBSERVED) WE HAVE THEN IDENTIFIED SUPPLY ZONE/AREAS WHERE PRICE IS LIKELY TO REVERSE AND CONTINUE IN ITS BEARISH MOVEMENT .IF LTCUSD BREAKS OUR KEY SUPPORT THEN WE WILL SEE MORE BEARISH MOMEVENTS TO THE $101 LEVEL .

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