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Lightcoin

LTC looks like it may have gone through a full cycle Using the Boss Method patented by Brandon Kelly ( Tradingview profile - bdkelly1203 ) to chart LTC I believe it may be coming up on the end of a cycle. If this is correct then LTC could potentially become even more bullish over the long term into 2018. Of course this is Crypto and it could easily fall, however after successful Lightning Swap with BTC more price rise and confidence in LTC seems natural. None of this is investment advice. It is my opinion based on my current level of charting experience and should be considered informational only.
Long
by FXWLL
LTCUSDT Perspective And Levels: Sitting On Support.LTCUSDT: Been getting a lot of requests for this one, so I am posting an evaluation. Major trend is very clear: Bullish. At the moment, this market is sitting at the swing low of a retracement off the 55 high. This is a low risk area to buy in my opinion. How you evaluate your risk depends on which supports you reference, and the size of your position. The 35 level is a major trend support (.382) and as long as this market stays above this level, I will consider it bullish. Any further retrace into the 41 level, or into the high 30's is also an attractive area to buy. One conservative strategy is to wait for price to reach one of these areas, and then move back up to break a minor resistance. Any subsequent retrace from there offers the best risk/reward in my opinion. At the moment, the next minor resistance is at 46.30. A break above that level will stimulate more buyers and would serve as a good long trigger. One of my favorite setups is to wait for the break, and then look for the next minor retracement to buy. These setups do not always appear, but when they do, they offer great RR. Based on the overall structure, the next leg up can test the 55 high and if I manage to get long, I will hold for a conservative target around 51 (near term resistance). Keep in mind, there is a great deal of uncertainty stemming from he BIP 148 scheduled for August 1st. A fundamental event such as this can keep all of these markets within a broad consolidation. Comments, questions welcome.
Long
by MarcPMarkets
2