As previous position closed on stop loss, I assumed that we can consider it as double top, and "ABC" retracement continues. Wave "C" most likely, won't go lower then the wave "A" did, so the target is there.
New parameters of the position:
Base Price: 0.1185$
Stop loss: 0.124$
3.36:1, R:R Ratio
After 5 waves up, XLM is now finishing "B" wave of "ABC" retracement, as it reached 0.618 level (golden ratio) of wave "A" fibonacci.
I assume that the "C" wave will go down to 0.618 level (golden ratio) of the all 5 waves up fibonacci.
Parameters of the position:
Base pride: 0.112$
Stop loss: 0.116$
4.84:1, R:R Ratio
If Bitcoin breaks through 8000$ support, next stop will be 6000$ where is big chance that it might stop as it nearly reached the end of the triangle.
If it goes below 6000$, I would recommend buy more on 5000$ mark and put stop loss signal on 4000$ as if it goes below that, seems unreal that it might go back in the nearest future.
Be patient and in case you...
According to my technical analysis, Litecoin most likely will break through 255 USD resistance line on 10th of January. There are a couple of dangerous points before that, as overall there is no strong uptrend. Would recommend to buy it once it bounces off the triangle's support and sell if it is not breaking the resistance.