Hey guys,
As the alt market begins to heat up, it is worth taking a good look at Litecoin. Taking trend-line resistance from the weekly closes, LTC is currently battling this indicator, and a solid 2-3 weeks outside this structure could result in a massive re-evaluation back towards $75 levels.
I like a long position entry at $54. TP target $74. SL $47
As the alt market begins to heat up, it is worth taking a good look at Litecoin. Taking trend-line resistance from the weekly closes, LTC is currently battling this indicator, and a solid 2-3 weeks outside this structure could result in a massive re-evaluation back towards $75 levels.
I like a long position entry at $54. TP target $74. SL $47
Note
Daily Structure Note
Vs.BTC - weekly oversold + Big support (if BTC makes a break for it, LTC should see a solid re-evaluation)
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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.
Related publications
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.