Since the beginning of February, we have been watching the outperformance of LTC versus the remainder of the top cryptocurrencies. We have been eyeing some spreads and think this recent rally of LTC presents an opportunity to employ a mean reversion trading strategy. This kind of strategy involves making a bet that prices will return back to the historical...
As you see here we have been bouncing from EMA15 and also forming a bullish divergence on MACD
Trend based RSI level beneath EMA 15 can be used as stop loss while the target can be a double top . TRADE SAFE!
^^DYOR ** Its only meant for educational purposes.
Long ltceth. Looks like both times from black trendline at bottom, the bounces have produced similar strong moves. Also looks like a bull flag forming on top of the blue support line.
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While ETH is slowly waking up from it's slumber, LTC has been ahead and off the radar. TX is faster to send and then convert to it's big brother who is sleeping behind the wheel.
Alts may rally well before BTC due to manipulation...
for alts amateur where to buy and sell
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We can see here on the 1 day chart of the ltc/eth pairing that we have a golden cross and an obvious cup and handle set up. Probability favors a bullish break upward above the rimline but you want to wait for 2 consecutive 1 day candles above the rimline to confirm the break because a fakeout is always a possibility even with a golden cross...if we break upward I...
. LITECOIN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
. We opened 10 BUY trade(s) @ 0.18172 (day close price) based on a reversal candle ( Valley ) at 08.11.2018
. There is a possibility of temporary...