Who wins? The bulls or the bears?
So LTC reached its first challenge and now is struggling a little. If it closes above the 38.2% fib retracement then it’s a good sign, but I don’t know if that’s going to happen. I’m still holding some LTC, in any case, because I think it’s time to manage your position. Look at my first call on LTC:
As I said in my previous analysis, I already sold half of my initial position with some profit, and I’ll hold the other half and put a sell order at my entry price. As we did some good trades on BTC and ETH, I think I can afford to take my chances here. Check my profile for more details about our trades with cryptos.
Now only time will tell if this move is a pullback or if the bears will show up.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
As I said in my previous analysis, I already sold half of my initial position with some profit, and I’ll hold the other half and put a sell order at my entry price. As we did some good trades on BTC and ETH, I think I can afford to take my chances here. Check my profile for more details about our trades with cryptos.
Now only time will tell if this move is a pullback or if the bears will show up.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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