Potential buy signal forming for lightcoin. If litecoin consolidates above trendline 3, there's a possibility of a break towards $82. We're looking for another consolidation at that level with a view to observing another rise to the previous (although very temporary) ATH around $90. Consolidation and a cup handle at $90 would indicate a potential breakout with strong upside.
Initial trade target: $82
Entry: $70
Stop loss: $64
Initial trade target: $82
Entry: $70
Stop loss: $64
Trade active:
Litecoin has been trading above trendline 3 all morning today. Though I have already been holding Litecoin since $60, I've added to my position today at $69 and will be adding to the position on sustained consolidation at this level.
Trade closed: target reached