peakindicator
Long

LTC STILL HAS MORE ROOM TO PUSH UP!! (HOLD ON TO YOUR SHORTS)

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Hello friends , long time so see. LTC is finally getting some of the recognition it deserves, recently hitting .015 BTC on it’s way to it’s ATH at .02. I want to point out something many traders have been overlooking. As you can see on the hourly chart , we have some hidden bullish divergence . Notice the MACD going down while price, going up / staying steady… Same thing with the BTC chart. Market cap is growing while prices are being pushed down… Signs of accumulation. If the current trend continues , when the MACD pushes up the price will boost. I have some small sell orders around $59 and $63 USD hoping to maybe catch some wild price swings. If BTC can boost to 4200 we should see a pretty good upswing with LTC. I’m mostly a HODLer, finally back above water this month with the boost of ENJ coin. Hopefully some of my followers got in on that too. I really like LTC for a long-term pick. This is a very risky trade for the short term, but very solid in the long term. If BTC dumps , LTC will dump also, so please be aware of the downside. Please leave a like and subscribe , as I try to only post quality original content.

I am not a financial advisor and this is not financial advice.
Comment: Please leave a like for hidden divergence monster walking dancing on fire (4 hour chart)
Comment: Here's LTC/BTC same scenario , might attempt a small swing trade but could get burned ...
Comment: It BTC doesn't bounce off the .0618 could be more downside. Looks scary but that's what makes me think it will keep bouncing (like it has been over the last week or so...)
Comment: Pushed down a tiny bit immediately with the Binance system maintenance. But still bouncing. Short term indicators still look decent so HODLing. Please leave a like for more updates on short term indicators.
Trade active: Looks almost like a mirror image ... ltc/btc 4 hour. We can still have a little more downside and be in the bullish repeating scenario. Right now we are riding the red line from my original post, but the trade is not invalidated yet. No huge sudden drop with Binance's scheduled maintenence, so that's a good sign.
Comment: Called it perfectly , only one on TV who called it like this :p

But anyway... Attempting a little swing trade here , sold about 10% at .01451 , buying back around .01420 , soft stop loss .016
Comment:
Comment: meant .015 soft stop loss , obviously
Comment: The swing trade seems to be losing momentum. Setting buy order to break even and continue to go long with LTC
Comment: Haha of course the swing order hit, guess I should not have backed out. With the bullish momentum just seemed like bad risk/reward, was too small to lose sleep over. I'd like to point out that I called the perfect swing though, to .01420 ... I'm on fire with my calls lately just watching too close :p
Trade closed: target reached: Played out exactly as expected and still only have one like on this post. LOL. I cancelled my sell orders before they hit, since the growth was steady. Still HODLing for now. Going to stay away from swing trades unless they are really obvious. Welcome to the good part of crypto , put your feet up, buy the dip and keep your eye on those stops! Good luck , please leave a like for good, but unusual TA =))
Comment: Ltc currently sitting at $92 usd, sold some around .018 BTC , set more sell orders sell for .02 , if we hit .015 will consider refilling my LTC bag
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