BerryBird7289
Long

LTC might gain 40% in the next few days

COINBASE:LTCUSD   Litecoin / U.S. Dollar
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This is an update to my previous analysis.

The pattern is playing out perfectly... but patterns can't last forever.

Possible entry point is at $120, right below the ichimoku cloud . If it shows signs of going up again, it is possible that LTC will reach $150, then $170-$180. More or less a 40% gain.

Best way to trade this might be to wait for the stochastic RSI to come back above 20.
Comment: LTC has seen a spike today, but I will be cautious about entering now. Wait until the Stoch RSI reaches a lower point before climbing back above 20.

Extra note: This might be the last long entry in the short term if we are to assume that there will be a pre-halving sell-off. Beyond this, the risk of entering long seems too high and I will avoid trading it.
Comment: It seems LTC will aim higher without dipping!
Comment: This is very bad! LTC fell below Ichimoku support, retested it as resistance, and fell again. LTC will probably see more red.
Nice Studies. I have been building a position since 2018 Spring, I agree with the 120 as a pivot point, last support before the wheels come off would probably be 100 even. Also there is a fundamental play at work, the halving in now <html>less than 50 days</html>, Looking at my chart it looks like a decent shorting opportunity, but...Using BTC as a leading indicator and with LTC supply about to be halved, I am cautious about selling so buying more at a lower price is probably the play for me. Good luck either way.
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