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kyer
Dec 27, 2020 11:11 PM

LTCUSD $160 LONG Target Long

Litecoin / U. S. DollarKraken

Description

Hey traders,

From the most recent LTC read signaled from $99.50, the price of LTC hit all the take profit levels and wicked the previous 2019 high level of $136.

We didn't ever see a close above this level which is a bit concerning, but I don't believe the bullish momentum for Litecoin is over just yet.

However, if BTC pulls back a bit to 25k then we could see another retest of the $114 level of support before moving back up. This would still create a higher high and keep the bullish momentum alive. Of course there is going to be a pullback after matching par with the 2019 high, people are taking profits and you should plan around that accordingly.

If BTC continues to consolidate or even push a bit higher and Litecoin can close over $136 then these take profit levels are valid going into the new year:

TP1 🎯$145
TP2 🎯$159
TP3 🎯$171
TP4 🎯$183

If this move starts to fall, it's coming back down to $114
Comments
ChenLi96a10ce62816430e
any idea on LTCN?
P_S_trade
There is a very dangerous level. I think that growth can be powerful. thanks
kyer
@P_S_trade, Hit toa Tee
kavinluis
Great set up
kyer
@kavinluis, Thank you hopefully this plays out
gelatikloro
how about xrp? is dead now?
kyer
@gelatikloro, Yes it's going to die a slow death
kyer
@gelatikloro, in my opinion
Hansdolo83
nice work
kyer
@Hansdolo83, Thanks han solo!
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