Warning!!! Possible $6-7 DROP in LTC Price, C:$59.03 Hurry!!! Short

Litecoin / United States DollarCoinbase

Description

⋅ Mar 20, 2019 12:54 AM

Hello dear readers,

Litecoin has been going on a run for the past couple of months. The chart is looking oversold, perfect time to short.

We use bitmex.com to short crypto assets. We will be using the LTCH19 contracts.

Trade Instructions

Trade: SHORT LTCH19

Current Price: 0.01480

Time Frame: 4 hour

Leverage: 5x

Buy in: 0.01475 - 0.01480 - 0.01485

Take Profits:
1. 0.01462
2. 0.01447
3. 0.01428
4. 0.01389

Stop Loss: 0.01617

Estimated Liquidation Price: 0.01753

Profit Potential: 30.43% ROE

Capital Allocation: <8%

Reasons for this trade:

MFI trending down on 1D time frame,
Overall trade volume lowering (low amount of buyers)
Easy short.

Enjoy

-Shaggad

Comments

mnanan888

⋅ Mar 20, 2019 3:42 AM

Very thorough job done again! You guys continue to impress me with your vast knowledge of technical and fundamental analysis offered to the crypto community. Thanks for all your hard work!

shaggad

⋅ Mar 20, 2019 3:43 AM

@mnanan888, Thank you for your amazing comment! We will strive to have the highest quality signals on a consistent basis.

UnknownUnicorn1256641

⋅ Mar 20, 2019 2:17 AM

Hola como estas!