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LTCEUR trade ideas

Litecoin Trade ExamplesLitecoin made a good upward movement. I would like to show you how we could trade based on signals of Ichimoku indicator. You can see on the chart 6 levels for opening long trades. There are 4 trades which could be closed in profit. One trade could be closed by stop or left for long run. And one trade is still active. If you follow proper money management, these trades could give you solid profit. The main thing you should note: Ichimoku indicator is super profitable tool when markets are in trend. Like many other technical tools, Ichimoku indicator can't provide 100% profitable signals, but it's not the main target. The power of this indicator is - it can show you a direction for your trading and possible entry levels. All in one and in simple way.
by DLavrov
26
Possible BreakoutBreakout at 40 a possibility if support broken, otherwise we will fall to lower support at 33. Doesn't look like litecoin will "moon" but there is good money to be made here. Next resistance is at 44Eur and 50Eur. Buy orders should be placed at 39.50 or more, with stop loss below 37. Take 25% profit at 44, setup new stop-loss below 43. Watch resistance. Set-up new stop loss at 48, cash out if below 48, otherwise next resistance looks to be around 80 euro. Buy/Sell must be confirmed by RSI Will update.
Long
by STalpur
1
Litecoin Entry LevelsIf you have to buy Litecoins for EURO, probably this trading idea will be interesting for you. The market moves upward in the borders of the ascending price channel. We had a good entry level based on a reversal signal in the support zone. This zone was formed by the trend line and 35.00 support level. It was our first opportunity to buy Litecoin. Now we have a new entry level but this time we should trade based on a breakout signal. If the market breaks 40.00 resistance level, we'll have an additional confirmation for further upward movement. Pending orders for buy should be placed at 40.10 level. Stop orders must be below the local swing low and it's 31.90 level. Profit target should be at 48.50 resistance level.
Long
by DLavrov
16
LTCEUR 1D - Bullish channel holding steady as alwaysDisclaimer: noob, and this is a pretty simple analysis but there can't be a more textbook channel. Pretty sure there are only two realistic options here, both soon to become bulls: 1) Bounce from 35.5 to 46 in minor recent channel (weak resistance line, sure, you may even say 'what resistance line'?) 2) Bounce from 33.5 to 56 in major, very solid channel. I actually favour the first owing to the Ichimoku cloud. I'd rather the second, as more bucks, obv. Bitcoin seems to have a longer dip in it; great if you're trading LTCBTC.
Long
by gaznixon
4
LTC possible long opportunityLTC is moving in a descending channel since a few days. If it is able to break this downward movement, we could face a buy opportunity. MACD is crossing over and RSI returning from oversold region. Volume on up movement looks fine. Also note that LTC has shown strength in the bearish market conditions we face last weeks. It is only advisable to take action when price breaks channel and is confirmed by other indicators. If resistance is too strong, we could go to lower 30's.
Long
by HerrVonBraun