Litecoin showing an uptrend, we have a long opportunity on the dip here. Bullish outlook confirmed by MACD crossover to upside, aswell as RSI and TTM Squeeze trending up. SCMR trends also advises a long entry on this candle. I advise a 2:1 risk, our aim is to sell some or all at the resistance as shown. Keep an eye on market volume, if it breaks out, ride the wave.
Transaction en cours:
Our long has been met, the next question is , will it break resistance ? Taking profit here isn't a bad idea, I'd advise selling 33% of your position and letting the rest ride in this situation, with the intention of closing out when we see confirmation of a reversal.
Commentaire:
LTC broke resistance on futures contracts, I expect spot to follow suit!
Commentaire:
take profit area is now ~ $166-168 zone or 0.0201105
Commentaire:
BTC is bullish, this may impact LTC causing a moon to .024, monitor accordingly.
Trade fermée: cible de profit atteinte:
sold @ $177, may be worth buying back in lower.