LONG Litecoin - Playing the Triangle Breakout
1 Hour triangle clearly forming on LTC.
I suggest waiting for a breakout either direction on high volume, my initial reaction is that LTC will breakout to the upside as we can clearly see last time we got a 4 Hour MACD cross after RSI reached oversold and Stoch RSI went from oversold to overbought we got a rally in LTC.
I am long a small amount of LTC and will add on the breakout or sell on the break down.
I suggest waiting for a breakout either direction on high volume, my initial reaction is that LTC will breakout to the upside as we can clearly see last time we got a 4 Hour MACD cross after RSI reached oversold and Stoch RSI went from oversold to overbought we got a rally in LTC.
I am long a small amount of LTC and will add on the breakout or sell on the break down.
Trade closed: stop reached
Stopped out at $41.20. Always follow your trading rules. Everything trade a probability bet, not a gamble.
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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.