UnknownUnicorn2434649
Long

Litecoin Prepares to meet the Moon.

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Weekly
Bounced off major support level $100
Weekly close above $150 and we could see litecoin run. Price has broke out of bearish parallel channel . Stochastic RSI showing us momentum is heading towards the upside.

Daily
Momentum shifted towards the bulls favor on the daily.
Price has broke and close above our resistance of $140.
Trade triggered, for litecoin moon run!
Major Resistance @ $175

4Hour
Shifting over to our pattern timeframe we can see double bottom has been formed @ $125.
Price broke out of double bottom and has been tested for support.
Uptrend confirmed, with higher highs and higher lows being formed.
Stochastic RSI showing momentum definitely in favor of bulls.
A break and close above $155 on 4hour activates our trade.

Hourly
Zooming in on trigger timeframe we can see price heading towards our first target @ $175.
An hourly close above $155 triggers a short term trade towards $175, or HODL.

**DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

Related Ideas

Comments

Still didn't get any movement yet. Litecoin is sleeping.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out