kyer

LTC $218 Next LONG Target

Long
KRAKEN:LTCUSD   Litecoin / U.S. Dollar
Litecoin has almost completed its downtrend cycle, bottoming out at $121 and is on the path to continuing its uptrend making new higher highs.

Just recently, Litecoin hit $171 and is now heading towards the local high at $183. From here, a close over the local high resistance turned support would send the price of LTC to $218, which is the 2018 swing high level created after the bull run where Litecoin almost hit $400.
Trade active: Looking at the daily time frame of Litecoin we can see that the price found support along the $183 level of resistance (local high) going long towards $218 (previous 2018 high). After $218, the next long target that I have placed is $260

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Comments

Majestic thoughts, thank you for sharing
+1 Reply
kyer abel11
@abel11, Thanks!!
Reply
You nailed it...
+1 Reply
kyer TRADiNG_hub
@TRADiNG_hub, nailed the $183 level
Reply
Just my view, if BTC hasn’t reach 50k, LTC ATH is yet to be known. So stay tune
+1 Reply
kyer tlbrendan
@tlbrendan, Are you thinking $1000+?
Reply
@kyer, hope it does. It should be setting higher bar than previous ATH
Reply
i hit all my tp already. question is should i take yet again long position...
+1 Reply
kyer Hidden665
@Hidden665, I think this is just a dump brother
+1 Reply
Nice work, thanks
+1 Reply
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