Long
$LTC: Litecoin breaking out!
We've just seen 
LTC break out of the triangle it's been forming since late February.
My mid-term target is around $280, however
BTC could ruin the momentum not just by going up, but also by going down, as we've seen in the past. (I am bullish on BTC though)
LTC is one of the few altcoins that has (slightly) more market volume in 
USD than in BTC at the moment, OKCoin seems to handle about 50% of LTC volume. Will be interesting to watch!
You can see the market share in volume on the following link - https://coinmarketcap.com/currencies/litecoin/#markets
I am waiting for a retest on the resistance turned support before committing to LONG on $LTC.
Happy trading!
LTC break out of the triangle it's been forming since late February. My mid-term target is around $280, however
BTC could ruin the momentum not just by going up, but also by going down, as we've seen in the past. (I am bullish on BTC though)LTC is one of the few altcoins that has (slightly) more market volume in USD than in BTC at the moment, OKCoin seems to handle about 50% of LTC volume. Will be interesting to watch!You can see the market share in volume on the following link - https://coinmarketcap.com/currencies/litecoin/#markets
I am waiting for a retest on the resistance turned support before committing to LONG on $LTC.
Happy trading!
Note
And that is why we wait for the retest
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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.