Litecoin In Tight Range

3 באפר׳ 2018

Litecoin continues to be trading in a tight range within the last few days. The bears were not capable of a break below the critical March 30 low of $109.27. However, the T/P $121.00 was reached before fill at $174.00. The bulls were not able to drive a pullback either. Hence, we have the tight range. If the $109.27 level breaks, the next support is February low at $100.20. Our goal is to wait for a new Sell at $140.00 (Stop at $173.00, and T/P at $91.00) set up to form before shorting the coin pair.