nextrades

Our Litecoin Breakout is Taking Place

Long
KRAKEN:LTCUSD   Litecoin
Hi, all.
In recent days I've been claiming a Litecoin breakout, as represented by its increasingly bullish structure. After the bear trap from yesterday, however, many believed the market had chosen its way, that being bearish. However, this morning, Litecoin has broken out, following the trade pattern that we predicted, and confirming yesterday's drop was false.

Litecoin will continue to be bullish, especially if it can break through EMA100. Expect pullbacks, but for the time being, I am going to continue to go long on XBT and LTC.

We've been correct about the Bitcoin breakout, the S&P 500 breakdown, and the Litecoin breakout. Will we be correct about a second breakout?

Thanks for reading. Leave a like if you agree!

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