LTCJPY - Intraday - We look to Buy a break of 18456 (stop at 16716)
Intraday signals are mildly bullish. Previous support at 22000 now becomes resistance. A break of bespoke resistance at 18170, and the move higher is already underway. 17275 continues to hold back the bears. This move is expected to continue and we look to set longs at good risk/reward levels....
As the crypto market begins to gain some bullish momentum, it creates multiple new trading opportunities for us all.
Above is my current support and resistance chart for $LTCBTC
It appears the LTCBTC pair has finally broken multi-day resistance and is currently retesting for support.
IF support is held, I believe a second and maybe even third strong leg...
Long history big market cap coin, nothing special about litecoin.
Symmetrical Triangle pattern shown up on daily chart, buy the breakout seems delicious to me.
TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.
A very good setup, multiple signals shown on the 4 hour chart, MACD about to golden cross, ascending triangle, risking 10% to gain 45% isn't bad but considering the current situation that BTC is in, I will only risk 10% of my crypto portfolio on this trade.
TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.
