Litecoin / EuroLong
All roads lead to $300 for LTC
4HR CHART
Option 1 = Bullish Pennant - UP UP AND AWAY
Option 2 = Bearish Pennant (retraces to 0.618 line of support from recent bull run which started at a low of €83 - from there a new uptrend with litepay release as a catalyst)
Option 3 = little to no movement in price over the next week until closer to the Litepay launch
TA on the 1D chart
-RSI 60% - still room for growth
-MACD - bearish - 12-day EMA looks to be diverging below the 26-day EMA (NOT YET CONFIRMED). (NOT SHOWN ON THE CHART)
THOUGHT = Do you think there is a possibility people will sell their coins to ride a BTC bull run - which may support option 2 and a sell off/correction of LTC ?
Taking profits
1) €240
2) €282
3) €340
4) €525
as recommended from alanmmasters
Option 1 = Bullish Pennant - UP UP AND AWAY
Option 2 = Bearish Pennant (retraces to 0.618 line of support from recent bull run which started at a low of €83 - from there a new uptrend with litepay release as a catalyst)
Option 3 = little to no movement in price over the next week until closer to the Litepay launch
TA on the 1D chart
-RSI 60% - still room for growth
-MACD - bearish - 12-day EMA looks to be diverging below the 26-day EMA (NOT YET CONFIRMED). (NOT SHOWN ON THE CHART)
THOUGHT = Do you think there is a possibility people will sell their coins to ride a BTC bull run - which may support option 2 and a sell off/correction of LTC ?
Taking profits
1) €240
2) €282
3) €340
4) €525
as recommended from alanmmasters
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.