Luettis
Long

Litecoin buy opportunity

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTC has left the negative trend channel and stays above the resistance at 154$ (swing trend line ).
This gives us the chance of getting higher to the next fib retracement at 187$!

stop: falling back into the negative trend channel
Trade active:
Comment: Litecoin has broken out of the negative trend channel (red). It has climbed very fast to the next resistance, has also broken through it and is now even above a swing trend line, which can be seen as support.
RSI shows a overbought situation and it wouldn´t a surprise if the price comes back.
As long as LTC stays above the current support we can continue to aim the next line (fib retracement)
stop: under the current support
Trade closed: target reached:
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