varil_shmoney

Litecoin idea, little moon.

Long
varil_shmoney Updated   
BITSTAMP:LTCUSD   Litecoin
On the 2 hour chart there is a bullish divergence. Higher lows, higher highs in the chart. The stochRSI made a lower low and RSI is lowering. confirming a potential long. The next resistance is around 509$. I personally plan to sell at around 490-497$ on the exchanges.

I stepped in the ltc/btc pair under 0,0185. For the btc pair also at this price point, I put in the order to sell at 0,0254 with the expectation that btc price is going up to 20k$. Just to play it safe I bet that the maximum price of btc is 19.7k when this target of ltc will hit.

This is my idea I share, use your own due diligence when trading.

First idea ever published hope it goes well...
Michael out.
Comment:
setup is invalid for short term...
target is valid in longer term
If rebuy around 250 is reasonable new idea will come!
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