The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Litecoin broke back below support at 47.97 telling us, that wave 2 wasn't done yet and more downside pressure was needed. We are currently seeing Litecoin trading around the 61.8% corrective target of wave 1. This could be enough to complete wave 2 and set the stage for the next impulsive rally in wave 3. However, to confirm that is the case, we need to see a break above minor resistance at 50.70 and more importantly, a break above resistance at 55.00 that will confirm the low is in place. A break above resistance at 55.00 will also trigger the S/H/S bottom for a rally towards the S/H/S target at 75.00
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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