Monfex_UK
Long

**Speculative Trade on Litecoin: +25% on the horizon**

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Hi, Traders !

Monfex is at your service !

We have descried a hidden speculative Long opportunity on Litecoin.

Take a look at 1H Chart:

* We see 3 evident levels, where buyers were stocking up while the price was gradually capitulating.
* After that, the market entered into accumulation/consolidation phase, where Bulls were pushing the price up persistently crowding out Bears.
* Most likely that Bears have allocated their Stop-loss orders somewhere above the local tops of the consolidation area, that is above $58.61.
* Should we see the price pushing through the specified level on increased Volume , a speculative Long will be confirmed with the target around $70.

Speculative trade signal

Buy @ $55 - 56
Target: $70
Stop-loss: $51.90

Watch for our Updates to get real-time superior signals!

GOOD LUCK AND LOTS OF PROFITS !!

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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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