LTC showing bullish divergence on MACD + RSI, bullish wedge forming at this level. With Bitcoin looking bullish Litecoin is ready to follow, watching for a quick breakout if we get some volume.
Re-evaluate the trade if we hit T1 otherwise letting the tight stop hit and look for a remount play
Normally dont go for small time frames but this looks like a good RR play if LTC rallies into the 60-70 range
Re-evaluate the trade if we hit T1 otherwise letting the tight stop hit and look for a remount play
Normally dont go for small time frames but this looks like a good RR play if LTC rallies into the 60-70 range
Trade closed: target reached:
Volume is ramping up, closed 1/3 of position with another 1/3 going for ~66. Moving stop to the entry point as well
Comment:
Closed another 1/3 in the 60 range. Last bit stopped overnight but re-bought a position and going to ride this uptrend out
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