nagihatoum

LTC broke back into range

Penjualan
BITFINEX:LTCUSD   Litecoin
Price broke down from rising channel and is back into previos range. Only 5 hours till daily close and confirmation. This is considered as a fake out over key level and is bearish. Daily MACD rolled down and RSI going down from oversold. Testing of the range low is expected.

Previously I expected a major pump in October which transpired and reached target and beyond. I also stipulated that price will go back down to base of the October pump.

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