It's time to prepare for a breakout and I have laid out my trading strategy in preparation for the big event. Right now is a good time to hedge and cover yourself from both sides to avoid any exposure and risk. The short position will liquidate when the price of LTC doubles (around 120$ from current price); however we know LTC will go higher if a breakout from...
Monthly chart for LTCUSD is giving a doji green transition and currently testing a major breakout level.
The ema dots have also been green the last 2 months.
Also we are currently compressing in a wedge pattern.
Good volume above $60 should result in a nice size run.
Finally guess who is back??? You know what that means...Macro coverage in the live channel and charts on Tradingview all day everyday will resume as usual with today's session!
Lets jump straight in...LTC is in the habit of pinning bears by choosing the momentum manoeuvre via a breakout . Bulls have done very well in this way so far, the logic which seems to...
LITECOIN IS BULLISH ANS HAS BROKEN A RESISTANCE, WAIT FOR CONFIRMATION AND SHORT ON PULLBACK|
X IF the candle closes above the level>>
X Wait for pullback>>>
X Go long
X SL below the resistance
X Targets on the chart
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LTC possible slow and steady grind. might stall out in 80 dolla range...
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As you can see on the MACD, LTC has reversed its monthly course and broken out officially. There’s also a golden cross. LTC could lose 10% short term but I think we’ll see the 80s possibly sooner rather than later and then from there who knows? Bull market. Anything can happen...