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LTCBTC trade ideas

Litecoin - LTC - Close to Trend Line Entry PointMy entry point for LTC (Litecoin) is anytime it hits the trend line. That point is close with the trend line currently sitting at almost $270 and the price of LTC hovering around $300. If Bitcoin, BTC, pulls back to $42k soon, we would see LTC have a similar pullback and reach that buy target point on the trend line. I'm looking at a price target exit point for Litecoin around $540. I will also be looking at the RSI on the daily chart, as it typically starts topping out once the RSI reaches 75 on the daily. DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
Long
by brendanwenzel
1
LTC LongLTC has recently broken a significant weekly level, formed a HH and is now retracing. Weekly level lines up beautifully with 4H demand zone. 50 fib or 38 depending on where you start the recent push. Feel a bit funny about it, not sure if it's how far from the trend it is, due for a retracement, morning star on the dailys, mucking around with fibs to see what I want to see possibly. Just gonna take it for 0.5R, R:R is fat. Can afford to be wrong a few times on these.
Long
by rmugavin