Hope you all are doing well. Studying some LTC charts and it looks like with a lot of incoming positive news on the alt coin frontier, more regulation news, etc. There is a hopeful sentiment in the air. Right now I see an small inverted H&S and studying the daily & 4 hour chart we are poised for some solid positive gains.
Long-Term Trader: It is not a horrible set up position. If you study the daily chart we are sitting low on the RSI and the MACD looks like it wants to turn positive. If the market does decide to head south (at the moment it does not), I have highlighted a solid longterm buy position if the market decides to sell off.
Short-Term Trader: The 50 day EMA looks like it wants to cross the 100 day EMA. You can set your buys along the green line. It is a solid LONG TERM SET UP (months), and from a day trading position it isn't the worse. Its a solid middle ground with risks on both ends. however, the market looks like it wants to have some positive come back and we can have a low-risk trade if you look at the daily chart. The MACD is closing it's negative trend and it looks like it wants to move north. We see a small inverted H&S and the RSI is smackdab in the middle. Not too bad and we can start seeing some healthy profits coming in shortly.
Buy: $160-155 (medium - low risk set up) Buy: $150 and below (low risk) Buy: $140 and below (bottom of the market)
any update? Are you still targeting $200 in April?
regalia
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@apribytkovsky, Market turned sour and i unfortunately miscalculated this trade :P I have a couple LTC at $140.
Right now we are playing BTC expected drop. However, LTC on the longterm looks like it is heading towards a price reveral :) no point to take a loss on your LTC now unless you are moving into another Alt trade that will be in a winning position.
Long story short :) LTC will recover this month! DW :D
regalia
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@apribytkovsky, Since you asked so nicely here is a draft of my LTC chart. On the daily zone we are in a good spot for a solid price reveral :)