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Litecoin / Euro

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LTCEUR trade ideas

Litecoin perfect place to position yourself, BuysignalsSeveral triangle breakouts in the past and a ascending trading channel are in place to several months now on Litecoin. We are still located at the lower levels of these indicators and therefor a perfect spot to take positions. Break outside the bullish trading channe will acellerate the upward momentum rapidly. Based on historical date litecoin should climb a little steeper, therefore a break of the upper ascending trendline and trending upwards above it is not unimaginable. Litecoin is said to be the most undervalued cryptocoin, a hidden damond waiting to be dicovered so you re not yet too late to get in Recommended action: Buy at the lower trendline of the trading channel. Or more conservative wait for a break outside the upper trendline of the trading channel. Trading at your own risk, make sure you understand the risks involved with trading high volatility markets. Trade safe,
Long
by BTCryptowatch
LTCEUR - funny beastI entered in previous trade too soon at 50.1 (well, not too soon, but things turned south) so I'll wait for some rise before trading this pair again. Here are some options. We have some support in triangle between shorter trendline and 61% Fib level of the last rise. If this support will get broken, we have another one between longer support line and 78% Fib level. Last resort on downside is support around 40.5 EUR. But if we manage to bounce from current level and break that 51-ish resistance, we could aim for 54 and 58 price levels. If resistance won't get broken, we will probably trade inside ascending triangle between shorter trendline and resistance. In this case we'll have more information about future price levels - in the future ;)
by rludvik
LTCEUR - where will you go?Fib extension on 12.10. and 13.10 showed us possible rally price levels. We reached 1.618 level, which is very good! Of course bull raised up and now we are fighting our path up between 0.236 and 0.382 Fib retracement of last rally. It's worth to mention that this 0.236 level is also 50% Fib retracement level of last decline from 79.60 to 27.45 in first half of September. We have three options and I can't decide which one is more probable, so we'll have to watch this market: a) break above 55.5 with good volume and nice close above it would lead us towards our targets (T1, T2 and T3), on each target some part of trade should be cashed out. Stop loss for this one should be below 51. b) we'll be trading in channel between 55.5 and 51.5. Not good for trading IMO. c) pullback through 0.382 level (Vintage support 2) would lead us to Support 1 and maybe lower. We'd have to watch the market closely.
by rludvik