LTC/USD put in a 5-wave correction down to previous lows which gave us an opportunity to take this long position.Stops have now been moved to break even and this is a risk free trade up to the target of $154, with some resistance expected at the $150 even handle number.
This is a swing trading position however we are also trading this up on a day-trading basis, buying dips at support using simple price action and the Stochastic oscillator.
Keep it real.
Paul.
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.