LTC LONG: Big cap coin that has yet to realize its potential!
Updated
Litecoin has immense potential for the upside on its LTC/BTC pair. A big cap coin that has yet to move, LTC has been showing immense bullish momentum over the previous week. Now, a likely correction to the 289 - 300 support zone (white box) to flip previous resistance to support is essential for a healthy move upwards. Testing this zone as support would give LTC more strength to break the 342 resistance zone. Beyond that would be price discovery and we gotta look to the BTC pair for potential pullbacks.
Entry: 288 - 300
Targets: 342, 380 and 428
Stop loss: 263
Entry: 288 - 300
Targets: 342, 380 and 428
Stop loss: 263
Trade closed: target reached
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