sebastian.soik

LTC 1H - still some space upwards

Long
sebastian.soik Updated   
POLONIEX:LTCBTC   Litecoin / Bitcoin
8
Litecoin began to rise 2 days ago, just as expected. My former target has been reached this morning.

Market still looks bullish so I constructed two more targets to the upside by using fib extension and cycle symmetry

EDIT: I added TP0 at 0,02 as psychological resistance.

Entry point has been checked 2 times after crossing it yesterday. That's also a bullish sign.

Final target will be checked in a very short time frame. Don't sell too late.


ENTRY: 0,018
TP0: 0,020
TP1: 0,022
TARGET: 0,0243
Order cancelled:
stop/loss reached

Price decided to go to the downside again. Targets stay intact, but it will take some time (~2-4 weeks)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.