Litecoin showing some bearish signs!

HI friends! Looking the four hour chart, we can see that litecoin is breaking support, and is about to have a bearish crossover on the MACD . Look for prices to tumble down to the 38.2% retracement level (around $265) and potentially down to the rising 50 EMA (in orange.)

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

what do you suggest do we hold or sell and buy at a lower level?
Not bear at all.
@Pandaiga, Thank you for commenting. Please take a look at the update chart that I posted shortly after this one. You will see that my short-term downside target at the 50 EMA was met.
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Pandaiga MagicPoopCannon
@MagicPoopCannon, nice! Just suggesting that a higher low not necessarily looking too bearish to me.
Pandaiga Pandaiga
@Pandaiga, maybe we'll see abcd to 310 next, 265 was the right level for bounce on my chart. I'm noob though, just taking shot in the dark :D
+1 回覆
Bear trap
+1 回覆
ibby93 999Levin
@999Levin, curious to know why do you think so?
@999Levin, it’s probably wise to BTFD!!! =D
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