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01.11.14 – Btc-e – LTC/USD

Price at Btc-e printed $3.52 | 4HR time interval

Negative pressure has been evident throughout the night leading price to test the $3.55 area.

With regards to the latest report most short positions have been closed. Keeping only a small portion with break-even stop @ $3.75.

***On the 4 hour time interval, if by any chance the low at $3.55 is taken out, possibilities will increase to test the Lower 200MA BB currently @ $3.46.

Possible Outcomes: No trade setups at this moment.

Updated Technical Analysis will follow soon.

 

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