ForecastCity
Long

LITECOIN, Great Buy Trading Opportunity for LTCBTC, catch it!!

BITTREX:LTCBTC   Litecoin / Bitcoin
Technical analysis:
LITECOIN is in Range bound but Resumption of uptrend is expected.
In Daily chart , A hammer candlestick pattern is formed which is the first sign of the beginning a Bullish Trend .
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 46 and above a RSI support level .

Trading suggestion:
Price is in the support zone (0.01438 to 0.01265), traders can set orders based on Price Action and expect to reach short-term targets.

.Beginning of entry zone (0.01438)
.Ending of entry zone (0.01265)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:

(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take profits:
TP1= @ 0.01731 (First Target)
TP2= @ 0.01854 (second Target)
TP3= @ 0.02000 (Third Target)
TP4= Free (Fourth Target)
Trade active: TP1 & TP2 HIT!!
All SLs moved to Break-even.

Up trend is Beginning so more gains to more heights is expected.
We put all SLs to Entry Point.
Trade active: TP3 HIT!!!

Total Profit: 1220004
Closed trade(s): 752735
Open trade(s): 467269

Trade Setup:
We opened 4 BUY trade(s) @ 0.01610755 at 02.03.2018 based on 'reversal candle (Hammer)' at 02.02.2018.

Closed Profit:
TP1 @ 0.01731 touched at 02.03.2018 with 120245 pip Profit.
TP2 @ 0.01854 touched at 02.04.2018 with 243245 pip Profit.
TP3 @ 0.02000 touched at 02.14.2018 with 389245 pip Profit.
389245 + 243245 + 120245 = 752735

Open Profit:
Profit for one trade is 0.02078024 (current price) - 0.01610755 (open price) = 467269
1 trade(s) still open, therefore total profit for open trade(s) is 467269 x 1 = 467269

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Hello! Thank you for your lessons and TA!

You had published analysis on BTC that will down to 9.1K. As it effects on alts, could you please to update the LTCUSD. I find 2 analysis on LTCUSD that showing 2 way of continuation of this "drama" :D Could you also give commentary on them, please? Thank you! :)

https://twitter.com/EWMInteractive/status/968814198431141888
https://twitter.com/TradingEW/status/968830067714416640
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Love your lessons!
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ForecastCity mpweber007
@mpweber007, many thanks
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Great lessons cheers
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@Bosney, Thanks for your feedback.
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