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DLavrov
Nov 22, 2017 12:30 PM

Litecoin Entry Level Long

Litecoin / Tether USDPoloniex

Description

The price is going to break the downtrend line and continue the upward movement. MACD lines give us a bullish signal. DMI tells us that we should not expect for strong downward movement. If so, we can use the previous swing high for placing buy orders. If the market moves above 72.00 resistance level and the swing high, it will be a good signal confirming the uptrend. Entry level is 72.50 with stop orders at 68.50 level. Profit targets are 80.00 and 90.00 levels.
Comments
Sheff
What platforms are the most popular and trusted for trading Crypto? Thanks for any help!
SatoshiNakamoto1
@Sheff, the exchange of bitshares
SammyNoden
@SatoshiNakamoto1, The DEX is ok if you're trading bitshares, but very low liquidity and high spreads on most other coins mean it's not an ideal option for general crypto trading.
georgime
@Sheff, bittrex
SammyNoden
@Sheff, Bitfinex, Bitstamp, Bittrex, Binance, Kraken, HitBTC & Poloniex are some of the main ones. They all have their strengths and weaknesses, so best to try a few of them for yourself to see what works for your trading style.
FieldForest
@Sheff, Don't use Kraken..
SatoshiNakamoto1
@FieldForest, and also not poloniex
PatrickBoutin
@FieldForest, why not?
FieldForest
@PatrickBoutin, Everytime markets get hot Servers are "down". If you do some research u see alot of people have lost alot because of this. Including me.
I switched to Bittrex recently. So far so good :)
tomasz.wiktorczyk89
HI, can we have update pls. Thank you very much for your work
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