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Ltcusdtshort

LTCUSDT to go to $270? - Weekly ChartAs highlighted we have had a macro negative trendline break which started an uptrend and now a double bottom setup finalising The height of both of these gives us a final target at $270 However it will pullback on the way, the dashed lines being my other take profits and the small dotted lines being areas of resistance - evident as we bounced off $161 Depending on market conditions the amount we take out at each level may change giving the opportunity to enter on a pullback from these levels! Only thing to bear in mind is the RSI is hugely overbought, which may see momentum slow next week or the week after. Happy crypto market guys, lets make the most of these waves ETH has done unreal today, trying for $1000 and BTC strength continues with it sitting around $32-34k Volatility is majorly high though so take care, remember suitable stop losses! Mine for this trade is a little below the neckline, haven't raised it yet as will manually remove some position with aim to re-enter lower if we get bearish divergence on the daily time frame!
Long
by InvestmentsHub
3
LTCUSDT - Double Bottom Broke and Retested - 4HRHere we go guys, setup we posted on 28th December has activated. I was in from the breakout of the green trendline slightly lower, and bought few more around 149 as the retest didn't quite pick up my bids which were closer to 146 This setup looks great to go to crazy targets of $270 as I will outline in my next post However, in the short term all 1HR, 4HR and 1D charts show overbought RSI unsurprisingly and if tomorrows Daily candle is red we will see major bearish divergence form on the day chart If so we could see the price could short below the neckline of 146, down to regions of 140 and maybe below but I expect this to be bought up and we see this setup 100% play out - would provide great opportunities to buy Especially if the weekly can close above 146 which I fully expect to happen given current market conditions! Next post will highlight the weekly chart and my macro target...
Long
by InvestmentsHub