Litecoin - EMA's have created a Buy Signal on 4 Hour Chart
What's up my traders!
LTC has lagged the market and is one of the few coins which has not exploded yet. But that time may be coming
Buy: $131 (Bought just after the 9,13 and 21 EMAs crossed over the 55 EMA)
Stop Loss: $105 (Clear support at $110 as shown by yellow line on the chart)
Target: In the short term (next 3-5 days) I'm targeting the $170 price level. This would put us in a trade resulting in 30% profits. If Market looks strong and BTC is preforming well, we could let LTC continue on and watch RSI, MACD and Price Action carefully.
LTCUSD
LTC has lagged the market and is one of the few coins which has not exploded yet. But that time may be coming
Buy: $131 (Bought just after the 9,13 and 21 EMAs crossed over the 55 EMA)
Stop Loss: $105 (Clear support at $110 as shown by yellow line on the chart)
Target: In the short term (next 3-5 days) I'm targeting the $170 price level. This would put us in a trade resulting in 30% profits. If Market looks strong and BTC is preforming well, we could let LTC continue on and watch RSI, MACD and Price Action carefully.
LTCUSD