Litecoin - I would sell at this point and play it like this...

Litecoin has hit a resistance point. If I was playing the short term game I would sell right now. I gave signals to buy at 68, 65 and 62. If you bought at any of those price points and sold right now you would walk away with a pretty good profit. If LTC goes over my resistance point decisively I would jump right in again when it pulls back to the 61.8. The point is that if you are in it for the long swing, stay in, if you are in it for short term profits this is your opportunity to set a very tight stop loss as there is a chance that we may start dropping or LTC may go as high as $87.00.

Once resistance is met (which right now it has) you book profits, you sit tight and wait for either a pullback or a big drop to get in again. BTC (The supreme commander) is looking to drop and it will take all alts along with it. The only thing that would keep the alts revival going is if BTC makes it out and above the triangle that it's in right now.

THE TREND: Going up on a minor trend.
THE OUTLOOK: Unsafe to buy right now, wait and see if it crosses the resistance point and buy when it pulls back.

Be safe and follow me to stay ahead of the curve.

Commentaire:

Just a quick update to be clear on the resistance points.

Trade fermée: cible de profit atteinte