Red_Ben

LTCUSD Breakout

Long
COINBASE:LTCUSD   Litecoin
LTCUSD Litecoin is breaking out on the hourly timeframe while setting up for a massive daily breakout as well. If you didn't buy the double-bottom dips on either time frame, it's time to get in! Accumulate on any dips you can. The higher lows and stochastics on the daily show a massive move is possible.
Next target is the hourly 200 SMA (circles). Watch for an impulse move over this line with likely short-term resistance ~260. Ride this daily chart breakout if you can, but if you must take profits, target 300 to capture a move over the 61.8% fib extension. I'd plan to hold most of my position until 340.

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