Ascending triangle on the daily LTCEUR.
Green 2 went above a green 1 on the TD Sequential.
If the breakout happens, the target is around 34. The 100 day may also be relevant at around 36. At this exact moment the 1 hour is correcting a bit. The best entry point is probably at 28,50.
I would put the stop at 27,50.
Cup and handle on LTCEUR daily chart. RSI is trending up. TD Sequential is on a green 4 of the 9 setup phase. It's a bullish scenario but i would wait for the confirmation of the breakout close to 32 eur.
I don't mind butterflies in nature, but in TA they look really nasty to me. There are a lot of preconditions to be fulfilled if this is to become butterfly pattern, but as we can see from yellow marked area, that this can happen in matter of one 4H candle.
First, LTC should't rise above point C.
Secondly, both supports marked red will have to get broken, together ...
Hey friends Litecoin call me for buy.
Idea view vs €uro on Kraken
Little news is the listing on 13 October 2018 at Gemini
Nice bull trend from 12 sept.
Bull divergence H4 to confirm
Target 1 : 54€~55€
Target 2 : ~ 63€
(For long term position, buy @~45 seem the best low average to got)
Target 1 : ~54€
Target 2 : ~ 63€
I’ve seen a lot of people calling for a bottom at this point. I can’t see the bottom here. This is just another of the false double bottoms LTC is drawing. You can see a smaller one just above this one.
As I can see in another similar correction, LTC is about to reach it, but will do it in some months. 1.2 Fibo is a key zone, and to be honest, I can’t see LTC ...
Beside adding to portfolio at these levels, I'll also set up a little trade, just for fun :)
- entry at 48.4
- stop loss bellow previous slow (initially at 43.0, will rise it later)
- target 1 64.0
- target 2 75.0
- final target 88.0
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)