Interesting set up high potential vs low risk for break out (vs btc pair in closing descending triangle + bull flag in usd pair), considering it also has strong FA, next week litepay, with continuous short term bullish momentum, however, volume is weak. Can long the breakout with volume confirmation or short with volume confirmation + btc going down. Target $270-$280. Keep price of btc in view, as things can change and alts are known to be hit harder.
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Imho, it's not the time to buy alts at the moment.
All alts are currently performing bad against btc.
Btc goes up, alts go down. Btc goes down, alts go 2x down. There is a lot more selling in LTC than buying for both fiat and crypto, probably the people who're taking insane profits and selling before the boiling tipping point of btc.
As it stands, I will only do a short term scalp when it goes in any direction on the breakout and get my profits from those who trade the breakout by selling in their combined strength.
Trade closed manually
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Shorted ltc ~5% profit in 1 hour.
Better to scalp spot buy bitcoin for another +1K then to long or buy any alt, as I've said 5 hours ago, which was confirmed in the entire alt coin space, except etc, which is way too high at the moment.