sphen

Litecoin (LTC) - Breakout Trade

Long
sphen Updated   
BITFINEX:LTCUSD   Litecoin
LTC breaks out and retest, confirming breakout to the upside.
Comment:
Litecoin LTC - has descended back and is respecting its prior trend-line while also creating an opportunity for a new wedge. Upper trend-line should be modified to meet current market conditions. While i'm still bullish on this position, I will wait for a breakout from the modified wedge.
Trade closed: stop reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.