SwingingCrypto

Short term scalp on Litecoin

Long
SwingingCrypto Updated   
BITFINEX:LTCUSD   Litecoin
1H timeframe is showing bullish divergence on RSI and histogram, while the 4H TF is showing oversold on RSI and a major overextention of the b bands. You can take a short term play here and target 10-15% to the daily mid b band and a confluence area around $140. I'm a ver long term swing trader, typically between different crypto but this dump is too hard to pass on some short term gains.


Trade closed: target reached:
CLosed for nearly 12%


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.