Coin Telegraph
GOOD EVENING STEEMIT!
What a day to be a Litecoin holder!
...Well $98 Litecoin.
...And for just a second.
...But we'll leave those in subscript because $100 LITECOIN sounds too good not to say.
As a trader, I do find the psychological aspect of a round number amazing. Human beings like round numbers and take notice of them in markets as a result. There is no greater example of this phenomenon than how the price of Litecoin reacted to the $100 level.
Well if you're a follower of mine either here or over on Twitter, you'd know I've been bullish Litecoin for a while now. I just hope you managed to catch the train as it was leaving. You had plenty of opportunity!
Let's take a look at the charts, starting with the daily below:
If you weren't a crpyto believer then you'd be forgiven for looking at that Litecoin daily chart and calling it a bubble haha!
But with price already pulling back $20 or so, we don't have to call it a bubble because we're seeing a healthy pullback here.
Don't be upset with this pullback, smile :)
As for the intraday chart, if it wasn't a Saturday and I was actually on the ball, this was a nice short.
Higher time frame resistance holds at the $100 and then here are 2 entries as price pulls back to short term previous support turned resistance.
Crypto offering textbook technical trading setups once again.
I just know that gramps is up there looking down on us, proud as punch.
We bought Litecoin gramps. We bought that Litecoin.
Peace!
@forexbrokr CHART ART BlogsIf chart setups that I've spoken about before are related out then I'll leave them here.
CHART ART: LITECOIN TRADE UPDATE. MAKING THOSE PIPS!
CHART ART: LAST CALL FOR LITECOIN ON PLATFORM 1. ALL ABOARD!
Please leave a comment with your ideas or just share a chart.
Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.
Twitter: @forexbrokr
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Website: www.forexbrokr.com
