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watat83
Dec 11, 2017 8:18 AM

LTCUSD Is Looking Bullish (2hr Chart) Short

Litecoin / United States DollarCoinbase

Description

If BITTREX:LTCUSD breaks out of the resistance level/entry level, its obviously a BUY opportunity. On the other hand if it breaks below the uptrend line (Green arrow), it should be a sign of price reversal. But RSI & MA indicate an uptrend.

The price might even break out of the Ascending Triangle sooner than expected in any direction (Above the resistance level or below the uptrend line)

My Trading Idea

Entry Level @ $172.71
Target Profit @ $200.04 (+16%)
Stop Loss @ $144.43

Safe Trading folks!

Comment

The market actually beat my expectations. Let's now wait for a market correction to know where we'll go from here.
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