In this chart we see this support line been held since Mar/17, with almost no touches to it and also no closes below.
Right now LTC is very close to this support line, and we might be on the verge of a short term reversal until the touch of the above resistance line.
I'm taking this long with a RR of 3.12, since we have a bullish momentum on the market.
Entry Point: 0.003480 - 0.003530
TP1: 0.003630
TP2: 0.003764
TP3: 0.003905
TP4: 0.004026
TP5: 0.004278
TP6: 0.004463
SL: 0.003231
I'm using a moving SL as TPs get hit.
Thank you for reading.
Right now LTC is very close to this support line, and we might be on the verge of a short term reversal until the touch of the above resistance line.
I'm taking this long with a RR of 3.12, since we have a bullish momentum on the market.
Entry Point: 0.003480 - 0.003530
TP1: 0.003630
TP2: 0.003764
TP3: 0.003905
TP4: 0.004026
TP5: 0.004278
TP6: 0.004463
SL: 0.003231
I'm using a moving SL as TPs get hit.
Thank you for reading.
Note
TP3 hit and now risk free trade. Around 11.5% profit so far.
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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.