Litecoin (LTCH19) Breaking Out Slowly

Looks like Litecoin (LTCH19) is taking the lead again.

I am looking at it short term, which we normally do for BitMEX trades, and you can see from the chart above that Litecoin (LTCH19) is already breaking out... but slowly.

Litecoin has broken above all major resistances, EMA10, EMA50 and EMA100.
With a break above these levels after retracing for several days, it is clear that LTCH19 will test the last high or move above it.
RSI and MACD are both looking bullish.

Conditions for change: Litecoin can still move down and break down, a close below EMA10 would be a strong signal that the above signals won't be followed up upon, but this is very unlikely right now until the last resistance is tested.

For a short term trade, I would use a close below 0.01200 as a stop loss (manual). Longer term, I would simply buy and hold Litecoin long term.

Feel free to hit LIKE if you enjoyed this post.

Namaste.

Trade closed: target reached

131% ROE generated.
(65% to our second target, the third target has HOLD).

------
Trade: LONG LTCH19

Leverage: 10X

Buy In: 0.01230

Time Frame: 4H

Targets:

(1) 0.01286 -Reached
(2) 0.01311 -Reached
(3) 0.01392 -Reached

Stop Loss: Close 4H candle below 0.01200

Liq. Price: 0.01130

Profit Potential: 65.8% ROE

Capital Allocation: <6%.
-----

Thanks a lot for the continued support.

Namaste.

MasterAnanda

🚨 Long-term Financial Success Available Now! (Avoid Mistakes) —PREMIUM Channels 👉 lamatrades.com (Since 2017)

🥇 9999% Results
t.me/alansantana1111/5935
t.me/anandatrades/971

🏆 FREE Trade-Numbers
anandatrades.com

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

MasterAnanda

Also on: