Litecoin
Long
Updated

LTCUSD long in the short term!

in my opinion we will see another attemp to $100 soon. 0.618 fibo seems to hold like the blue trendline as also support at 73.645. always take a look at King BTC , the real market maker!
i'm not bullish yet, i think bears are still hungry for now but in the short term we could see some nice up movement.
have good trades to everyone
Trade active
- candle closing below $70 will invalidate the trade
- support seems holding well for now
- i will add more to my long position if we reach $ 76.5
- fibo extensions 0.382 is $100 that's my target
- i always take a look to BTC even if i think we will see a pump before a drop
(still bearish feeling)
- my long position is open since $ 72.00

that's my trade set-up, it's not a financial advise. always do your own research
glad to see your comments
Note
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Trade active
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probable Inverse H&S in 4hr TF ...let's see what happens
Trade active
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falling wedge broken
expecting a retest of violet support at $76.5 (it's also .78 fibo retracement)
first target around $85 testing blue downside trendline
it's not an ordinary trade, just focus always to BTC movements

always DYOR!!!! not financial advise
Trade active
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$84.670 first target reached
closed 50% of position
set a $2 trailing stop
Trade active
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bull flag forming?
Trade closed: stop reached
trade closed, trailing stop reached.
I'm waiting for BTC drop, i'll find another chance to entry in LTC

Disclaimer