LTC ANALYSIS: LONG ON THE BREAKOUT!
Updated
LTC ANALYSIS:
LTC finally broke out of the triangle formation in a bullish direction. The volume is beginning to pick up as well as the 50 crossing over the 100MA. The current long zone is inside the range of $37-39. Future take profit targets are T1 at $40.10, T2 at $42.15, T3 at $44.90, and lastly T4 at $47.60. The ATR has plenty of room for growth, but RSI is extending into oversold and could look for a short term pullback, which would be a buying opportunity. Daily chart has plenty to grow. I recommend closing any long position before reaching into the daily resistance block near the $50 range.
Possible Entries: $37-39
LTC finally broke out of the triangle formation in a bullish direction. The volume is beginning to pick up as well as the 50 crossing over the 100MA. The current long zone is inside the range of $37-39. Future take profit targets are T1 at $40.10, T2 at $42.15, T3 at $44.90, and lastly T4 at $47.60. The ATR has plenty of room for growth, but RSI is extending into oversold and could look for a short term pullback, which would be a buying opportunity. Daily chart has plenty to grow. I recommend closing any long position before reaching into the daily resistance block near the $50 range.
Possible Entries: $37-39
Trade closed: target reached
WIN! LTC/USD reached our entry at the lowest price of $38.08 and then hit T1!
+5.25% Profit!
Trade closed: target reached
WIN! LTC/USD hit Target 2 at $42.15!
+10.63% Profit!
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.