Litecoin Remains Bearish - LTCUSD

COINBASE:LTCUSD   Litecoin / U.S. Dollar
The price for LTCUSD remains with a bias is to the downside with the price trading below the 3 day Rolling Pivot Range (green, yellow dots). However the Daily Pivot Range (blue dots) are neutral at the time of this writing with the price action staying inside the range for the past few hours.

With today’s Opening Range (whiter background) also holding resistance be careful about buying at this moment.

Daily Pivot Moving Averages (red,yellow, white lines) remain pointed downward which is bearish on this 60 minute chart. As well the 14 day and 30 day Daily Pivot Moving

Average crossed the 50 day Daily Pivot Moving Average. This is bearish on a longer term basis.

The action to take is to place sell stop entry at 16450 below the recent low, and if triggered place the stop loss and profit targets as stated below.

Note: this trade recommendation is good for today and will expire at UTC 0800.

Entry Price: 16450
Stop Loss: 17903
Profit Targets: First profit target 15450, 2nd profit target at 14450. Once first profit target is reached, bring stop loss to breakeven.
Trade closed manually: Apologies for not closing this out. The recommendation expired without being triggered. As you can see the price moved sideways which kept us out of the market and zero risk or exposure.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out