protradingmentors
Short

Short Term Sell/Short Signal LTC

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
169 views
1
The Short Term Trend on LTC is Neutral and after failing to continue higher passing 155 it has closed below 155 and the 50 EMA . We waited for a slight uptick, then with a failed color change took the next confirmation as a short signal at 149.10. Our target is between 135-139. The next level after that is support at 123. We will monitor this trade closely unless the 50 crosses the 200.
Trade closed: stop reached: The AM Wave indicator was right once again in a Neutral call. We trailed our position tightly and exited at 148.5 with a tiny profit.
If you like our ideas, you'll LOVE our Youtube channel where we go more in-depth: https://altcoinmentors.com/youtube

We are also on Twitter @altcoin_mentors, where we send out more frequent market updates!

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out