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Long

LTC ANALYSIS (INCOMING NEW HIGH!)

COINBASE:LTCBTC   Litecoin / Bitcoin
LTC ANALYSIS

LTC is breaking up to a previous high and looking to push ABOVE the high. A break and hold above 7050 sats would clear the 200ma and make a new high. This would make LTC very bullish on an outlook for daily resistance above 8000 sats . Look to long if this crucial point breaks and holds. Volume is holding strong, while RSI is pushing to overbought. Overall trend looks strong though, look for T1 at 7380 sats . T2 placed at 7650, and finally T3 at 8330 sats . Expect a struggle above T3 and recommend closing at the given take profit points.

Possible Entries: 7050
Feb 03
Trade closed: target reached: WIN!
AION/BTC HIT TARGET 1!

+3.94% Profit!
Feb 03
Comment: Mistake above it is LTC/BTC, not AION.

LTC/BTC HIT TARGET 2!

+7.75% Profit!

Comments

Been bullish on LTC for some time now, what do you think about this one?
Reply
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