ForexDestiny

Bullish Flag formed On LiteCoin

Long
COINBASE:LTCUSD   Litecoin / U.S. Dollar
Looks like a clear bullish flag formed on LTC/USD

Price is bouncing off support and the half way mark on the Fib from the previous highs in early May.

Lot's of potential here as price nears oversold on the RSI with possible divergence occurring on the 15 min., MACD suggest some upward momentum.

Stops under support.

Going Long to TP $400's, First Tp goal around $280 resistance.

Comment: Nice third pin to the 50 EMA , let's see if she holds.

I would expect a breakout around 4pm est.

Fingers crossed lol
Comment: Took profit perfectly at $280.

A nice +9% in the bag!

Looking for potential re-entry so long as price holds above current $230 support.

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