POLONIEX:LTCBTC   Litecoin / Bitcoin
LTCBTC Is sitting right at an upward sloped support line from previous lows. In addition to this, price action has formed a loose form of a harmonic pattern . Not quite a butterfly because the "B" point did not retrace to the .786, only near the .618 fib. Besides that point, it fits within a bullish butterfly pattern with the theoretical entry point coinciding with the support line shown on weekly chart below. I am hopping in here for a shot at it, stop loss set tight just below the trend line , so at .006125 representing just over 5% loss possible. Target is the .618 of C-D, so .01335 area, representing just over 100% gain from current entry. RRR then lands near 20:1 in favor of reward. Worth a little cash to find out if LTC can either try to catch up to BTC gains or stay steadier during a BTC decline. We shall see. Happy hunting and GLTA!!
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.