". There is a possibility of temporary retracement to suggested support line (51.40).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. LTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
litecoin is oversold on dailytime frame, so find a good entry on lower timeframe and aim 50 percent retracement, maybe higher if dollar continues to weaken, but for an easy trade thats a good target, stop loss 39.5 so trade is about 2:1 risk reward ratio
- Breakout from triangle.
- MA's looking good.
- My entry was at $59: very early but turned out to be good.
- Formation of uptrend. HH & HL
- Bitcoin Bull Market: Noobs will buy into LTC either way if BTC keeps going.
if ltc breaks the 200ma AND bitcoin dose not dump but only goes up or sideways then i see no reason for the price to not go to 60usd, historically a concise break above the 200ma has always resulted in a pump to or just bellow the top logarithmic resistance line.
ltc has also recently been outpacing btc by a large margin, and with news of a LTC testnet launch...
triangles in triangles on triangles next to triangles.
there is decent of room to the down side so risky to trade, but might put in a long if it goes to 46.90
but second lock downs ?? spx lower lows ?? second crash incoming ? is Warren Buffett correct for selling lots?
If price manages to remain above my key level marked at 55, we will potentially be looking for a long position into the 80 region. Remain patient and allow for the market to show you its true direction before getting involved in a trading opportunity.
IG Client Sentiment states that 92% are net-long.