Litecoin going to rise with Bitcoin. I am not seeing Liteoin going below the 200 Euro levels again for now. Target is around 400 Euros. Wait for Breakout to be safe.
Trade active
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Still in moving in triangle. Support needs to hold now.
@AntoineMonteillard, As long as we stay above the yellow line at around 180 our trade is still in play. Like i said before wait for a clear breakout to be sure. If your buying now use stops to manage risks.
AntoineMonteillard
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@casrules, How do you avoid getting whiplashed ? Everytime I put a stop loss I lost money because of a flash crash and the price went rocketing back up ...
casrules
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@AntoineMonteillard, Yes you definitely want to avoid this. Thats why i am not recommending to buy right now. Wait for a breakout of the downtrend to the upsite. Always trade what you see not what you think. If you buy now or at 230 Euro doesn't really matter at the when we reach 400, but your risk of losing is a lot lower. Hope this helps.