Litecoin / TetherUS
Short
Updated

LTC (Y20.P6.E1).Potential Short setup

680
Hi All,

This post is part of an ongoing serious to LTC, refer to link below as part of the macro structure.

Observation:

> Weekly Resistance is showing hard level to pass
> BTC likely to make new highs
> Indicators on the daily are bearish with a few showeing bearish divergences.
> On the 15 min chart, looking for a setup to short.

15 min chart
snapshot

Other charts
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PREVIOUS POST
LTC.USDT (Y20.P6.E1.v2).Macro structure


Trade closed: target reached
I don't know what I was thinking to shorting this but the chart when I look back was bullish.
Anyway, closing this post off as I believe LTC hit its Inverted BARR target and is unlikely to make new highs any time soon.
snapshot

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