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How to get a GREAT Entry on LTC - ContinuedIn this idea I will continue the last technical analysis on LTC, but take into considering the new information we just got with Bitcoin going to $40k. Again, he most important thing to consider now is where you would enter LTC. What I suggest is to do either of the following. In the bullish scenario I suggest you wait for the price to break out aggressively through the horizontal resistance zone near $175. You enter a long near $180 and you close it near $250. In the bearish scenario you bet on a rejection when the price hits $175 again. The most likely fall will be to the nearest horizontal zone around the $150 level before it will likely rise again in its bullish uptrend. I tried to make the clear as self-explanatory as possible. In case you have any questions anyway, feel free to drop me a comment below. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:LTCUSD
by Trading-Guru
17
LTC 15M Day Trade Plan using 9 Seasons RainbowConditions: OverSold(Blue) in small time frame 15m based on Bull, BullRest, CrazyBought - Green series in large time frames( > 1H) is one of the best Pattern to Long. OverBought(Yellow) in 2H is a negative signal, but it should work with OverSold in small time frame for Shorting. LTC 15M Day Trade Plan using 9 Season Rainbow Entry Point 1: 56 - 56.5 40% Entry Point 2: 56.5 - 57 60% Target 1: 57.8 2.5% Target 2: 59.2 5% Stop: 55.75 -1.5% Leverage: X3.3 Seasons Pattern: 21m + 30m OverSold(Blue) Multiple BullRest, Bull, CrazyBought Green Series ############################## DISCLAIM ############################## This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
COINBASE:LTCUSDLong
by go8686
3
Overall Crypto TrendAlthough we are enjoying some bullish breakouts all across the board right now, we need to step back and look at the bigger picture. Since the start of this "correction end", LTC was showing signs of breaking out before the others, and it did just that. It maybe has foreshadowed how the other coins will continue to react as they "finish" their corrections, by having big breakouts. With LTC already impulsing up so high and so fast, we really need to pay attention to the wave counts. If we don't a 5 wave impulse and instead a B corrective wave, the next big price drop may not be far away. Of course, we need to look at all the coins individually, but if the next move is an immediate moon shot, be ready to take your profit. It's still early so we need to keep watching the price develop Let me know your thoughts on this.
COINBASE:LTCUSD
by Rafapafa