LTCJPY: Long IdeaLTCJPY - Intraday - We look to Buy a break of 18456 (stop at 16716)
Intraday signals are mildly bullish. Previous support at 22000 now becomes resistance. A break of bespoke resistance at 18170, and the move higher is already underway. 17275 continues to hold back the bears. This move is expected to continue and we look to set longs at good risk/reward levels.
Our profit targets will be 21984 and 24120
Resistance: 18170 / 20000 / 22000
Support: 17275 / 16000 / 15600
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Ltcjpy
LTC Gaining MomentumAs the crypto market begins to gain some bullish momentum, it creates multiple new trading opportunities for us all.
Above is my current support and resistance chart for $LTCBTC
It appears the LTCBTC pair has finally broken multi-day resistance and is currently retesting for support.
IF support is held, I believe a second and maybe even third strong leg could be around the corner.
My possible target zones are shown on the chart above.
I hope you all found this chart interesting and maybe even a little helpful!
Once again, I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
A very good setup I see on LTCBTC chart.A very good setup, multiple signals shown on the 4 hour chart, MACD about to golden cross, ascending triangle, risking 10% to gain 45% isn't bad but considering the current situation that BTC is in, I will only risk 10% of my crypto portfolio on this trade.
TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.