ocon442
Long

All roads lead to $300 for LTC

COINBASE:LTCEUR   LTC/EUR
4HR CHART

Option 1 = Bullish Pennant - UP UP AND AWAY

Option 2 = Bearish Pennant (retraces to 0.618 line of support from recent bull run which started at a low of €83 - from there a new uptrend with litepay release as a catalyst)

Option 3 = little to no movement in price over the next week until closer to the Litepay launch

TA on the 1D chart

-RSI 60% - still room for growth
-MACD - bearish - 12-day EMA looks to be diverging below the 26-day EMA (NOT YET CONFIRMED). (NOT SHOWN ON THE CHART)


THOUGHT = Do you think there is a possibility people will sell their coins to ride a BTC             bull run - which may support option 2 and a sell off/correction of LTC ?

Taking profits

1) €240
2) €282
3) €340
4) €525

as recommended from alanmmasters
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