LTC ANALYSIS:
LTC finally broke out of the triangle formation in a bullish direction. The volume is beginning to pick up as well as the 50 crossing over the 100MA. The current long zone is inside the range of $37-39. Future take profit targets are T1 at $40.10, T2 at $42.15, T3 at $44.90, and lastly T4 at $47.60. The ATR has plenty of room for growth, but RSI is extending into oversold and could look for a short term pullback, which would be a buying opportunity. Daily chart has plenty to grow. I recommend closing any long position before reaching into the daily resistance block near the $50 range.
Possible Entries: $37-39
LTC finally broke out of the triangle formation in a bullish direction. The volume is beginning to pick up as well as the 50 crossing over the 100MA. The current long zone is inside the range of $37-39. Future take profit targets are T1 at $40.10, T2 at $42.15, T3 at $44.90, and lastly T4 at $47.60. The ATR has plenty of room for growth, but RSI is extending into oversold and could look for a short term pullback, which would be a buying opportunity. Daily chart has plenty to grow. I recommend closing any long position before reaching into the daily resistance block near the $50 range.
Possible Entries: $37-39
Trade closed: target reached:
WIN!
LTC/USD reached our entry at the lowest price of $38.08 and then hit T1!
+5.25% Profit!
LTC/USD reached our entry at the lowest price of $38.08 and then hit T1!
+5.25% Profit!
Trade closed: target reached:
WIN!
LTC/USD hit Target 2 at $42.15!
+10.63% Profit!
LTC/USD hit Target 2 at $42.15!
+10.63% Profit!