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LTC - Loaded and ReadyHey guys, welcome to the show. I've been quiet lately whilst BTC has been doing something i wasn't fully prepared for so I've been distracted however today i wanted to put the spotlight on it's lightweight little friend, LITECOIN. Now we see here it's sitting on some decent support, and wedging in a beautifully bullish manner. The RSI is low and also sitting on support; in other words - She's likely to make some gains quite quickly, quite soon (my guess is ~10% though we can always hope for more). So, get your orders ready, set your stops, and get ready for a little BAM. Just be mindful of BTC at the moment though, as we all know how it likes to bring down the buzz if it is feeling moody. Happy trading ;)
by Disaster_Chartist
LITECOIN: LTCUSD Flag pattern = continuation higher likely soonLITECOIN: LTCUSD Litecoin is in the process of making a flag, signalling that his period of weakness is just continuation before LTC pushes higher still. Two strikes on the lower parallel spells HOT. Buy on dips now back to 92 and add when the upper parallel is broken on upside for momentum burst into new high ground. Stops under 92 and under the upper parallel when broken on upside for 2nd long from there
BITSTAMP:LTCUSDLong
by sumastardon
3
Bitcoin: BTCUSD Update - Breakout could be soon nowBitcoin Update Bitcoin is still trying to grind higher, now testing critical near term resistance at 7717 where the fixed and dynamic resistance lines meet on the chart. Even if it's low volume, this breakout, should it occur at any point, should be followed for a move back to 7990-8000 where look to close out and short (only if day trader) with stop 50 points above 8000. Bitcoin is unwinding an overbought condition reached on Friday by trading sideways right at the top, in the space you'd expect a very strong stock to consolidate in. It's not been sold off really, not recoiling as it would do if showing underlying weakness at these levels. ..at some point it's going to beat 8000 by 20 points, could even be this weekend, and when it does it should be followed with stops about 100 points under 8000. But in near term it will likely fall away from here...don't sell it though unless you use a tight stop above the upper parallel. Wait, watch for the break to the upside. Be Lucky
BITSTAMP:BTCUSDLong
by sumastardon