Red_Ben
Long

LTC Could Make a Run For 150

KRAKEN:LTCUSD   Litecoin / U.S. Dollar
Litecoin remains bullish . 6h chart respecting the 50 ma and the daily is not closing below the uptrend line. Every dip is getting bought. There's no great reason not to tag along as long as risk is managed. Watch for more bearish divergence for the first signs of trouble (as this has worked in the past), but for now, it's BTD, take profits when you're right and be prepared for everything to change at any candle. I personally like the way litecoin held 100 and the way the LTC/BTC chart is forming a rounded support/cup and handle like pattern. Good reason to expect LTC (and probably ETH too) to hold their own right alongside BTC for now.
Comment: Raising stop here- The recent breakout likely needs to retrace or rest a bit. Selling a portion under 126.60 to lock in profits. Similarly on bitcoin 7800 really should hold if this lower-volume breakout is going to hold. Otherwise expect 7600 and lower to test (and buy again on the daily 50 ma imo)
Trade closed: target reached: Trailed out, great trade
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