Litecoin has found support at a previous resistance level. Having retraced approximately 75% it has more room to grow that some other coins. I laddered in buys and my average buy in price is marked on the chart in orange, stop-loss red, profit targets in green. I have kept some buys in below this level in case it does drop further.
This is an aggressive trade entry, a more conservative one would be to wait until price is above the moving averages again.
This is an aggressive trade entry, a more conservative one would be to wait until price is above the moving averages again.
Comment:
Litecoin has failed at the 55EMA and has returned to support. I sold and bought the volatility on the way up, reduced my average cost and now I have sold all of my Litcoin from $150.00 down to $139.00 and am now fully out of the trade. I will be watching this coin closely though as just below current price is $110.00 support which is a great place for a new entry.
Comment:
LTC trade got stopped out. Waiting for a new entry.