alanmasters
Long

Litecoin (LTCM19) Double Bottom, More Upside Possible!

BITMEX:LTCM19   None
Litecoin (LTCM19) just went through a massive correction and retraced from the 3rd until the 29th of April.

It then continued to produce what we call a "double bottom", marked with blue arrows on the chart. This ended in a perfect bounce at the low-end of our recommended buy-in (around 0.0128 was the low-end of our buy-in), with LTCM19 now doing some nice bullish action.

On the chart above we can appreciate:

  • Break above EMA10 and EMA50.
  • Increasing bullish volume .
  • Green candle after green candle. This is the strongest LTCM19 has been since early April on the chart above.
  • The RSI is super bullish .
  • Remember to hit like.

Additional bullish action is expected for Litecoin ( LTCBTC ).

We shared full trades for Tron (TRXM19) and Ripple (XRPM19) and both are now generating great profits.

XRPM19 generated 89%+ ROE after hitting just one target, with more to come. You can see this trade here:
Our TRXM19 trade is just getting started and can be found here:
The reason why there isn't a full trade for LTCM19 is because there wasn't enough interest/support. If you want to see a full trade for this Litecoin on BitMEX, make sure to hit like, if enough people hit like we will share the full trade.

All details shared on the chart.

Remember... This is in no way any type of financial advice.

  • Leveraged trading is for advanced/experienced traders only. Beginner traders, please stick to Binance, Bittrex, Poloniex and other non-leveraged exchanges.
  • These trades are high riks and intended only for those that know what they are doing.

With that said... Enjoy the profits.
Enjoy the trades.

This is Alan Masters.

Namaste.
Comment: Trade: LONG LTCM19

Leverage: 8X

Buy-in: 0.0129 - 0.0138

Time Frame: 1D

Targets:

(1) 0.0144
(2) 0.0154
(3) 0.0160

Stop Loss: Close 1D below 0.0128

Liq. price: 0.01217
(Buy-in calculated at 0.0136)

Profit Potential: 141.12% ROE

Capital Allocation: <8%.
Comment: Great profits here, new trade:
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