Quick LTC breakout play, need volume!
Updated
LTC showing bullish divergence on MACD + RSI, bullish wedge forming at this level. With Bitcoin looking bullish Litecoin is ready to follow, watching for a quick breakout if we get some volume.
Re-evaluate the trade if we hit T1 otherwise letting the tight stop hit and look for a remount play
Normally dont go for small time frames but this looks like a good RR play if LTC rallies into the 60-70 range
Re-evaluate the trade if we hit T1 otherwise letting the tight stop hit and look for a remount play
Normally dont go for small time frames but this looks like a good RR play if LTC rallies into the 60-70 range
Trade closed: target reached
Volume is ramping up, closed 1/3 of position with another 1/3 going for ~66. Moving stop to the entry point as wellNote
Closed another 1/3 in the 60 range. Last bit stopped overnight but re-bought a position and going to ride this uptrend out
Follow me on Twitter! @LincolnDevine
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.