Short Entry (212) Target (100) Stop loss (250)
LTC like all cryptos are in a downtrend, consistently fallen and bounce off key support and fib levels after brief capitulation of about a week or so. Afterward, the price action rolls over and the increases to the downside until it reaches the next support or fib level.
LTC has received a huge boost of price increase from uncertainty around its fork. It recently tested around $235 and failed. A heavy is at $250 level which is where i put my stop loss. I expect some capitulation of price action back done to at least the $184 level. I expect it to drop further given how overbought it it (i have my target @ $100-$125), but i will reassess at the $184 level.