LTC - The sleeping beauty - Shortterm
Hey guys!
We have seen very huge recovery's of nearly every alt within the last few days and weeks.
LTC had a big run from 0,0155 to 0,018 ending up in a double top and went down to nowhere.
I see a great buying opportunity now.
- We have a 2 times confirmed support zone around 0,0165.
- SMA 5 crossing SMA 20 and giving buy signals. (yellow circle)
- Reached fibonacci 66% retracement near 0,0165
- RSI Wedge within the next 2 days.
my personal short term target would be around 0,018. LTC tried to cross it 3 times within the last month.
Stop Loss around 0,0162 ... giving us a really nice chance/risk ratio!
Happy trading!
**** Notice: That is my personal oppinion, no trading advice. Your money, your trade, your risk and your responsibility!
We have seen very huge recovery's of nearly every alt within the last few days and weeks.
LTC had a big run from 0,0155 to 0,018 ending up in a double top and went down to nowhere.
I see a great buying opportunity now.
- We have a 2 times confirmed support zone around 0,0165.
- SMA 5 crossing SMA 20 and giving buy signals. (yellow circle)
- Reached fibonacci 66% retracement near 0,0165
- RSI Wedge within the next 2 days.
my personal short term target would be around 0,018. LTC tried to cross it 3 times within the last month.
Stop Loss around 0,0162 ... giving us a really nice chance/risk ratio!
Happy trading!
**** Notice: That is my personal oppinion, no trading advice. Your money, your trade, your risk and your responsibility!
Trade closed: stop reached
Ripped by BTC ...LTC formed a new Support Zone around 0,016.
I am still a holder. Awaiting new bullish trend.
New TA incoming!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.