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LTC price will drop according to Tom Demark count
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Tom Demark count gave a red 2 on the daily chart. This is a clear sell signal. Moving average convergence divergence also confirms this.
I expect LTC bear trend to continue up to 6 more days till we reach red 9.
Scenario1: Price will drop till 86.692 (fib 0.382) and bounce from there.
Scenario2: Price will drop till 80.566 (fib 0.5) and bounce from there.
Conservative Trading idea:
Short at: 95.5
Take profit: 87
Stop loss: 104
Aggresive Trading Idea:
Short at 95.5
Take profit: 81
Stop Loss: 107
I expect LTC bear trend to continue up to 6 more days till we reach red 9.
Scenario1: Price will drop till 86.692 (fib 0.382) and bounce from there.
Scenario2: Price will drop till 80.566 (fib 0.5) and bounce from there.
Conservative Trading idea:
Short at: 95.5
Take profit: 87
Stop loss: 104
Aggresive Trading Idea:
Short at 95.5
Take profit: 81
Stop Loss: 107
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