I'm bullish LTC long-run but for very short-term trading LTC presents good opportunities when we are in a clear trend.
Right now BTCUSD is in the midst of a correction. It's my belief that this trend will continue for at least a few hours. As long as BTC is still headed down, LTC should follow / lead the way.
If we see a break of the hourly lower-high + lower-low patterns, then I will exit the trade.
Entry: $222
Target 1: $200
Target 2: $174
Right now BTCUSD is in the midst of a correction. It's my belief that this trend will continue for at least a few hours. As long as BTC is still headed down, LTC should follow / lead the way.
If we see a break of the hourly lower-high + lower-low patterns, then I will exit the trade.
Entry: $222
Target 1: $200
Target 2: $174
Trade closed manually
BTC broke downward channel and made higher low, followed by higher high.LTC broke resistance line.
Trade closed @ $216
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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.