BTCryptowatch
Long

Litecoin perfect place to position yourself, Buysignals

KRAKEN:LTCEUR   LTC / EUR
Several triangle breakouts in the past and a ascending trading channel are in place to several months now on Litecoin.

We are still located at the lower levels of these indicators and therefor a perfect spot to take positions. Break outside the bullish trading channe will acellerate the upward momentum rapidly. Based on historical date litecoin should climb a little steeper, therefore a break of the upper ascending trendline and trending upwards above it is not unimaginable.

Litecoin is said to be the most undervalued cryptocoin, a hidden damond waiting to be dicovered so you re not yet too late to get in

Recommended action:
Buy at the lower trendline of the trading channel. Or more conservative wait for a break outside the upper trendline of the trading channel.

Trading at your own risk, make sure you understand the risks involved with trading high volatility markets.

Trade safe,
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