Litecoin is forming a great Cup & Handle on H4 and 1D charts.
It is possible to observe many indications of a upward movement in the MACD, RSI and OBV. In addition to the crossing of the MA20 with MA200 and with the price also staying above the MA200. Volume is growing consistently following the trend.
If the pattern is confirmed with a breakup with big volume on the daily chart (Neckline 0.0101), my target is close to 0.013 and would bring near 30% profits in a conventional trade, but in my case I am planning to open this LONG after the breakout in 4x leveraged on #BITMEX, which can bring me profits over 100%.
I will keep an eye on this trade and if you want to stay updated to know the right time to enter, the target and stop-loss, please follow me and do not miss the opportunities I present here in tradingview, your LIKE is also very important for my organic growth on the platform, thank you so much for devoting part of your time to follow my ideas!
LTC made the breakout in smaller time-frames such as 4H and 1H with big volume and a big positive candle. I am anticipating my entry without waiting for the closing of the daily candle.
(BITMEX) I bought the first part now at 0.0105 and I will leave another buy order below, at 0.102 if the price goes back to do a pullback on the Cup & Handle neckline.
If you are with me in this LONG, please follow me and stay tuned for notifications.
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God bless!
Trade active
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Trade active
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Stop-Loss moved to 0.0105 (Breakeven)
Trade closed: target reached
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LTC reached my target, perfect trade, as I said before, my LONG on bitmex gave me 69% gain!!!
I’ve been LONG on LTCBTC, since October 2018, and I still am! Planning to take profit around 0.02500.
See my chart if interested.