TradingView
stewdamus
Oct 2, 2023 1:13 PM

Buying LTC Here Long

Litecoin / United States DollarCoinbase

Description

Traders,

In addition to breaking out of the triangle, LTC has now formed and broken the neckline of an Inverse Head and Shoulders. The target here takes us straight to the underside of that RED TL (major resistance) and that will be my target.

Entry = 67.67
Target = around 78-80
SL = under 63
R/R = 2.5

Additionally, I have move the stops of ALL my other trades up to capture at least half the profit of each trade. ALL are in the profit now.

Best,
Stew
Comments
SwallowPremium
Completely agree with your point of view. Great explanation of scenario!!
GeorgeOnTV
Amazing analysis on LTC keep it up mate💪
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