Another sell signal right on target.
Bollinger bands pointing downwards, price breaking the 38,2% Fibonacci retracement.
There are some resistences on the way down , around the $200 mark, but if we are going to use Fibonacci retracements, we have to assume the next stop is $125.
I actually hope to see some recovery tomorrow morning, not just LTC , but everything else, let's see if it is enough to bring everything back to green. Or if the blood bath continues.
For my predictions, I use a technical analysis trading setup I explained here, and also my knowledge of other setups along with common support and resistence lines, and Fibonacci levels.
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