Long LTCUSD on break of 38.2 Fib of Sept high/low range Nov 20
Updated
1. Long on break of 38.2 Fib (61.8 of reversed Fib) of September high/low range
2. Momentum on steady uptrend - RSI & RSI Composite index moving averages crossed higher
3. RSI & RSI Composite index levels above moving averages
3. Good volume on break
4. Final target: 161.8 Fib extension of September high/low range
5. Stop: Below 50.0 Fib of September high low range
6. Potential RR: 1:5.95
7. Concern: Negative divergence on price and momentum on daily chart (happens more often in crypto's while price still rise)
Trade active
Entry: $71.98 (Close above 38.2 Fib of Sept high/low range)Stop: $61.92 (below 50.0 Fib of Sept high/low range)
Target 1: $86.977 (89.0 Fib extension of Sept high/low range) - move to breakeven
Target 2: $131.576 (161.8 Fib extension of Sept high/low range)
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