I'm bullish LTC long-run but for very short-term trading LTC presents good opportunities when we are in a clear trend.
Right now BTCUSD is in the midst of a correction. It's my belief that this trend will continue for at least a few hours. As long as BTC is still headed down, LTC should follow / lead the way.
If we see a break of the hourly lower-high + lower-low patterns, then I will exit the trade.
Entry: $222
Target 1: $200
Target 2: $174
Right now BTCUSD is in the midst of a correction. It's my belief that this trend will continue for at least a few hours. As long as BTC is still headed down, LTC should follow / lead the way.
If we see a break of the hourly lower-high + lower-low patterns, then I will exit the trade.
Entry: $222
Target 1: $200
Target 2: $174
Trade chiuso manualmente:
BTC broke downward channel and made higher low, followed by higher high.
LTC broke resistance line.
Trade closed @ $216
LTC broke resistance line.
Trade closed @ $216