Favorable risk:reward here on LTC-USD
Updated
Chart looks good for a 20%ish swing trade (long) on Litecoin against USD. LTC-BTC is basically at all time low, and this goes in favor of this trade as even a minor bounce on ltc-btc could yield a decent pump on ltc-usd. Especially if Bitcoin stays bullish against USD.
Keeping my eyes open as Bitcoin looks like it's about to turn around and get into a steep correction. The moment Bitcoin starts sinking against USD get out of this trade as well.
Keeping my eyes open as Bitcoin looks like it's about to turn around and get into a steep correction. The moment Bitcoin starts sinking against USD get out of this trade as well.
Trade closed manually
We've danced a bit, but it's all over.
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.