Litecoin showing an uptrend, we have a long opportunity on the dip here. Bullish outlook confirmed by MACD crossover to upside, aswell as RSI and TTM Squeeze trending up. SCMR trends also advises a long entry on this candle. I advise a 2:1 risk, our aim is to sell some or all at the resistance as shown. Keep an eye on market volume, if it breaks out, ride the wave.
Trade active
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Our long has been met, the next question is , will it break resistance ? Taking profit here isn't a bad idea, I'd advise selling 33% of your position and letting the rest ride in this situation, with the intention of closing out when we see confirmation of a reversal.
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LTC broke resistance on futures contracts, I expect spot to follow suit!
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take profit area is now ~ $166-168 zone or 0.0201105
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BTC is bullish, this may impact LTC causing a moon to .024, monitor accordingly.
there may be some more life left in this trade , consolidation in progress, now is a good time to buy, entry at $178
conall88
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Our long has been met, the next question is , will it break resistance ? Taking profit here isn't a bad idea, I'd advise selling 33% of your position and letting the rest ride in this situation, with the intention of closing out when we see confirmation of a reversal.