Litecoin - Where The Price is Heading Next?

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
The market is showing us the symmetrical triangle pattern . This pattern can break either way and that's why it is important to pay attention on breakout. Don't try to buy too low because you might end up losing. That's why it is crucial to have proper breakout confirmation from the expanded volume for example. What we need to see also is that the 4 hour candle closes above MA100 level which is acting as a resistance. Further confirmation uptrend continuation we get when MA50 crosses above MA100.
I'll keep text short this time. Enjoyable trading moments!

Trading Information:
Buy: above 219
Partial Profit Targets: 240 / 244
Main Profit Targets: 270 / 285
Rest should be left for the longer run.

Stop-loss: 198

Longer term target would be at the resistance of previous ATH .

If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!

Things to Remember:
  • Stop-loss orders are strongly recommended.
  • Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
  • Do your homework before investing.

Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.

Comment: Update on LTCUSD:

MA100 has proven to be good support level and if it manages to get past this, it's going for wave C as shown in this chart. MA100 is first place to look for reversals.
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Wasn't stop loss $198? Shouldn't you close the trade or you kept it active?
yarr MedinTrade
@MedinTrade, stop-loss $198 was only valid if buy order filled but it didn't. I'm going to close this and open new one later. :) Just wanting to give you guys some perspective where we are heading by updating.
@yarr, Thank you for your time and content on all 3 channels (twitter-telegram-TV).
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