Hi all, before we get started, like by hitting the button on the right and follow us to show us appreciation for the work and to receive further updates on Litecoin throughout the road towards the halving!
Since our last update, Litecoin broke the we had drawn and went for a 2nd leg up which hit the resistance at 0.0158-0.0161. At this moment, there are two possibilities:
Bulls (in green): we either go for a 3rd and final leg and hit the top resistance at 0.0176-0.0190 which would mean another leg on LTCUSD that would go deep through $64 or:
Bears (in red): we stop and drop back down to retest the 0.01340-0.0117 support of the .
Either way, since we were caught by surprise with this early start of the Litecoin rally towards the August 2019 halving, I now recommend to have a longterm cold storage of Litecoin being held separate from your daily trading stash.
0.00120-0.00117 - Ideal fully buy back if hit/add to position
0.00134-0.00125 - Buy back if LTC does not go lower
0.0176-0.0190 - Sell 25%
0.0277-0.0280 - Sell 50% - Potential target of the August 2019 Halving Rally / Blue
0.0385-0.0400 - Sell 50% - Potential target of the August 2019 Halving Rally / Blue
Stoploss: 0.01080 or at anytime the bull neckline is broken
The sideways might last till April 14 before we see a move.
0.00134-0.00120 - Ideal fully buy back if hit/add to position - HIT
Stoploss: Can be placed at 0.01120 for those who wish!
See the latest LTCUSD idea here. Like and follow. Once Bitcoin stabilizes a bit I will post the potential area to sell LTCBTC. At the moment it looks like at 0.0170