Trading-Guru

How to get a GREAT Entry on LTC - Continued

COINBASE:LTCUSD   Litecoin / U.S. Dollar
In this idea I will continue the last technical analysis on LTC, but take into considering the new information we just got with Bitcoin going to $40k. Again, he most important thing to consider now is where you would enter LTC.

What I suggest is to do either of the following. In the bullish scenario I suggest you wait for the price to break out aggressively through the horizontal resistance zone near $175. You enter a long near $180 and you close it near $250.

In the bearish scenario you bet on a rejection when the price hits $175 again. The most likely fall will be to the nearest horizontal zone around the $150 level before it will likely rise again in its bullish uptrend.

I tried to make the clear as self-explanatory as possible. In case you have any questions anyway, feel free to drop me a comment below.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

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Comments

The whales have shorted the market LTC is going down to 125 reversal actually confirmed
+3 Reply
GratefulBreath Artificialintelligence2020
@Artificialintelligence2020 where can we easily see short positions and conclude the whales are shorting?
Reply
@GratefulBreath, you can't easily see it but I can easily see it and go on your h4
Reply
Trading-Guru Artificialintelligence2020
@Artificialintelligence2020, What would make this more constructive if you can share a chart perhaps?
Reply
@GratefulBreath, right now will be a great entry on the short
+1 Reply
Trading-Guru GratefulBreath
@GratefulBreath, Also quite interested in this, there must be some kind of tool so we could actually see this right
Reply
Revolity Trading-Guru
@Trading-Guru, i agree, he sould share with us his analysis instead of just giving some ideas
Reply
I would also like to remind you that I make all of this available completely for free. If you like my work, you can help me out greatly by giving me a thumbs up on this idea
+2 Reply
I will be posting more of these regularly, so follow me to find out about great trading opportunities
+1 Reply
trdejan88 Trading-Guru
@Trading-Guru, Whats about Tezos?
Reply
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