a.shevelev002
Long

LITECOIN vs. US Dollar [LTCUSD]

POLONIEX:LTCUSDT   Litecoin / Tether USD
Litecoin got back to main trend line , where it was developing its structure in 2016-2017. This is opportunity to get LTC in our portfolio for 2018.

I expect some price action on this trend lines , so use them as a support to build your Long Positions on LTCUSD             for 2018.

Buy Price: 95-120$
Sell Partially:
170-185$
200-235$
250-274$
290-315$
Comment: Stop loss: 90$
Trade active: 1H TimeFrame, expecting price retracing to buy area 120-135, dont miss
Trade active: Litecoin broke resistance line, we have good confirmation of bullish movement for this coin.
Comment: Expected moving
Trade closed: target reached: Target 1 reached!
Trade active: Moving to 2 target
Trade closed: target reached: 170-185$ Done!
200-235$ Done!
Trade active: Active targets:
250-274$
290-315$
Trade closed: target reached: 250 done
wait for retracement
great call!
+1 Reply
i think ltc is going to be a long term hold for profits, good potential for short but imo $1000 ltc this year easy
+2 Reply
wait to rebuy ltc?
Is 120-135dollars levels working yet?
+2 Reply
@a.shevelev002, How certain of this are you? My gut is telling me that the bears are still in control and while LTC might create a little separation from BTC, it can't seem to shake its correlation to it. Moreover, when you look at the bigger picture, LTC has to break through the 50MA, a fib resistance level around $175 and BTC is facing mid channel ceiling, fib ceiling and it's 50MA.
Reply
How likely is that to happen?
Reply
@a.shevelev002 Are you going to revise the Buys and Targets?
Reply
@a.shevelev002 did I miss the dip or we didn't hit yet?
Reply
vassya506 dipsy1848
@dipsy1848, we missed:(
Reply
Just sold, thanks for the advice, I knew about falling wedge but didn't knew about rising one !
+1 Reply
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