Double top for Litecoin, short trade

4 feb 2018

Bitcoin seems to be dropping a bit more and LTC seems to be making a double top. Nice trade opportunity with a short stop above the high with a target towards 155. Good risk reward now

4 feb 2018

Nota

Almost dropping out, below 160 would be the first confirmation

4 feb 2018

Nota

I am closing half at 155 and the rest around 150, lowered stop to entry level now

4 feb 2018

Nota

Bitstamp chart (first chart is also from Bitstamp),
If it stays above the line we could be going towards the 9K highs

4 feb 2018

Nota

Wrong idea the last update
LTC, it stood strong above this long rising upwards trendline. If it breaks upwards, it could go towards the 180. I have put the stop around 167 now and will probably turn if it breaks upwards

4 feb 2018

Nota

This H&S needs some volume at the breakout, otherwise it might not even reach the target or it will almost certainly turn IF it reaches the target. But first lets see if it has the buying power to break through!

4 feb 2018

Nota

I am going long now :)

4 feb 2018

Nota

Target is around 8600, stop just below 8000 for now, but if it goes higher it will place it higher

4 feb 2018

Nota

Crap, i mix the different chart with my updates, sorry :)

5 feb 2018

Nota

LTC is about to break out, but ofourse it all depends on BTC. If BTC goes higher, expect LTC to outperform it again

5 feb 2018

Nota

BTC made another drop, so it did not push through. I am going long LTC at the green area

5 feb 2018

Nota

I am getting out already, 4 points profit, but it does not feel good. Bitcoin is showing to much weakness. It will drag it down again if BTC drops more

5 feb 2018

Nota

But again confirmation that LTC is still outperforming Bitcoin at the moment. It could be i got out to early, but i had a profit and i was seeing mixed signals. So i got out. Wait for another opportunity