Crypto trade of the week - Litecoin - Massive false breakout
Bulletproof Traders in-house trading activities present our recently established bearish overview on Litecoin.
The Litecoin had hit a huge wall of resistance at 175.85, just as we expected and warned over during last month. the big pullback off that important resistance key-level is a serious indication for a potential full-fledged downside reversal.
A turnaround at this point could be a very big deal, sending the price of Litecoin to the levels it came from back in late 2020, when it first started to build this bullish cycle.
This means that we might be witnessing Litecoin entering yet another bear market with the potential to cut up to 75% off its current value.
My name is Roy Levine, and I'm the co-founder and head of trading at Bulletproof Traders. We are helping traders from all over the world to become full-time traders and reach their financial goals. If you want to learn how to turn your trading into a profitable business, then you landed in the right place. You can learn trading secrets, trading strategies that work, improve your trading performance, and become a successful Forex Trader.
We understand what’s needed to be done in order to break through the hardship of this financial journey while saving you a great deal of time and money. Eventually, our goal is to show you how to dominate chart analysis to the point of producing outstandingly accurate forecasts and price predictions. Most importantly, we will show you how to become a successful Forex trader with a proven track record and systematic approach.
Join us and learn how to make money in Forex trading, learning the best trading techniques and trading secrets.