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AlanSantana
Oct 21, 2018 11:34 AM

[LTCUSD] Litecoin LONG Trade Signal [650%+ PP] Long

BITFINEX:LTCUSD1D
Litecoin / DollarBitfinex

Description

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Litecoin (LTCUSD) needs no introduction. We will be looking at it shortly and going straight to the trade:


  • We have a falling wedge, which is a bullish pattern.
  • LTCUSD is now sitting at 2017 strong support levels.
  • MACD curving up and bullish crossover.


Trade instructions for Litecoin (LTCUSD) by Alan Masters

Buy in: $50 – $54

Targets for LTCUSD:

(1) $60
(2) $68
(3) $80
(4) $90
(5) $100
(6) $116
(7) $135
(8) $165
(9) $190
(10) $220
(11) $250
(12) $280
(13) $340
(14) $420

Stop loss: Close weekly candle below $46.

Capital allocation: <20%.

Enjoy the trade.

Alan Masters.

Namaste.

Trade active

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Trade active

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Looking beautiful, we are now back within are buying range, after a very strong bounce. Looking forward to seeing Litecoin go bullish.
Trend AnalysisBeyond Technical AnalysisTechnical IndicatorsLTCLTCBTCLTCUSDLTCUSDTLitecoin (Cryptocurrency)alanmastersbittrexbinancebitfinex
Comments
DaSmooth
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Give it some love! Low fees coming, big name. QUA system for BTC. Great team. And don't forget, those thrashing it, want it cheap.
AlanSantana
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@TimDeleeuw, Thanks for the comment.
easyMarkets
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Great long term view on LTCUSD and there may be bullish potential as you have identified. For our set-up, we went for a shorter term view and have identified key resistance and support levels. The 1st support that we have identified is at $50.58 which is where your potential buy in level is at. It is a horizontal swing low support, 61.8% Fibonacci extension and a 78.6% Fibonacci retracement. Stochastic is approaching its support at 4.80% where a corresponding bounce could occur. If a potential bounce does occur, we may want to look at 56.95 resistance level. It is a horizontal overlap resistance, 100% and 61.8% Fibonacci extension and a 50% Fibonacci retracement. Looking forward to see how things develop.

Please have a look at our idea and we would like to hear your thoughts.

AlanSantana
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@easyMarkets, Looks really good, thanks for sharing.
CryptoFido
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It's Altseason! .. 50% Profit so far according to my TA :)
AlanSantana
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@CryptoFido, Thanks for sharing.
hi108
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GREAT post. thank you
AlanSantana
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@hi108, My pleasure.
Sir_DURZO
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Excellent time,
to aqcuire a whole litcoin and enjoy the ride.
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