alanmasters
Long

[LTCUSD] Litecoin LONG Trade Signal [650%+ PP]

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Litecoin ( LTCUSD ) needs no introduction. We will be looking at it shortly and going straight to the trade:

Trade instructions for Litecoin ( LTCUSD ) by Alan Masters

Buy in: $50 – $54

Targets for LTCUSD:

(1) $60
(2) $68
(3) $80
(4) $90
(5) $100
(6) $116
(7) $135
(8) $165
(9) $190
(10) $220
(11) $250
(12) $280
(13) $340
(14) $420

Stop loss: Close weekly candle below $46.

Capital allocation: <20%.

Enjoy the trade.

Alan Masters.

Namaste.
Trade active
Trade active: Looking beautiful, we are now back within are buying range, after a very strong bounce. Looking forward to seeing Litecoin go bullish.
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Related Ideas

Excellent time,
to aqcuire a whole litcoin and enjoy the ride.
Reply
Great long term view on LTCUSD and there may be bullish potential as you have identified. For our set-up, we went for a shorter term view and have identified key resistance and support levels. The 1st support that we have identified is at $50.58 which is where your potential buy in level is at. It is a horizontal swing low support, 61.8% Fibonacci extension and a 78.6% Fibonacci retracement. Stochastic is approaching its support at 4.80% where a corresponding bounce could occur. If a potential bounce does occur, we may want to look at 56.95 resistance level. It is a horizontal overlap resistance, 100% and 61.8% Fibonacci extension and a 50% Fibonacci retracement. Looking forward to see how things develop.

Please have a look at our idea and we would like to hear your thoughts.

+1 Reply
alanmasters easyMarkets
@easyMarkets, Looks really good, thanks for sharing.
+1 Reply
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