Litecoin to $82 then $92
Updated
Potential buy signal forming for lightcoin. If litecoin consolidates above trendline 3, there's a possibility of a break towards $82. We're looking for another consolidation at that level with a view to observing another rise to the previous (although very temporary) ATH around $90. Consolidation and a cup handle at $90 would indicate a potential breakout with strong upside.
Initial trade target: $82
Entry: $70
Stop loss: $64
Initial trade target: $82
Entry: $70
Stop loss: $64
Trade active
Litecoin has been trading above trendline 3 all morning today. Though I have already been holding Litecoin since $60, I've added to my position today at $69 and will be adding to the position on sustained consolidation at this level.Trade closed: target reached
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.