RodolfFlocon

LTC takes a little break before a last run

BITSTAMP:LTCEUR   Litecoin / Euro
LTC has shown great strenghts in the last months, but we can't say the same for the very last weeks!

However, even if for this time LTC didn't manage to follow the incredible run of BTC in price, we still have hit some of our targets. Remenber: we told you to buy around 90e / 100e and we are back in this arena. So, if you don't have some LTC yet you can buy now but I'd strongly advise to wait for a clear rebound at the lower bottom of the arising channel which we are going to hit soon (if we didn't have already).

Stoch RSI in daily is still in the zombie territory, ranging lower than 10 for few days now. Not validating an entry so... Magic indicator also tells us that we might not have seen the exact bottom of this shit show! But be careful of a quick recoveyr of big bro' BTC . LTC's halving is happening in around 30 days, so we should see some greed here. That's what I'm betting on anyway eheh.

  • TP1: 115e hit
    TP2: 125e hit too
    TP3: 160e still in sight but I'd recommend to cash out at 150e
    TP4: 180e MIGHT be possible right before halving (& sell the news drama few days before), but I doubt it will reach this area easily. I would recommend to only keep like 25% of your LTC bag for this sell area.
Trade active:
Comment: Is $LTC finally ready to take off (again!) ? We had some accumulation for the last days, and the picture looks bright in 4H and in 1D.
Stoch RSI around 25, rising up.
Volume still a bit absent but we should have a breakout soon.
TP2 at 125e still effective for the latest position bought back around 105e.
TP3 possible but be careful if we got another rejection at the massive 130e resistance.
Let's hope we have more action this week!
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