- April 6, 2019
- Posted by: Tradingshot Articles
- Category: Uncategorized
Litecoin has continued its crazy rise since the December 2018 bottom and only recently made the Golden Cross (MA200/50) which paved the way for last week’s $98 Top.
You can’t say I didn’t warn you about this super aggressive rise in February when LTC was trading at $49 as seen below:
A top at 113.00, which is according to the 2014/15 bear market the spot where the price topped on -36% from the MA200 top.
A top at 180.00, which is the +718% rise from December’s bottom.
In both cases LTCUSD should then pull back around -70% and consolidate for a long period of time before the next bull market.
So long term traders should manage their profit taking accordingly.