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Delta_Traders
Aug 20, 2019 10:08 AM

LTCBTC ** Binance ** (Buy Zone) Long

Litecoin / BitcoinBinance

Description

Litecoin/Bitcoin (Binance)
Litecoin has been following the down triangle and is now being met with resistance at the 0.007000 - 0.007100 range.

As we can see there is starting to be a swing back to the upside starting.



On the 3hr chart we are looking for the reversal back to the upside.



Looking at the buy & Sell walls on Binance it's estimated that to reach the 0.008 range would be in the zone of 102.7 BTC at time of post.

Seek the reversal on the 3hr chart looking for good entry point's on down spikes litecoin looks close to a strong move to the upside.




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Comments
RobJay
Looks right. Currently at 7210. Do you think it's too late to get an entry into this?
Delta_Traders
@RobJay,

I would look for a down spike if you are looking to get in but in the long run I see Litecoin as a good long play coin.
Delta_Traders
@RobJay, Looks like now might be a good chance to catch it on the down swing @RobJay
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