Crypto_Ed

$LTCUSD #LTC #litecoin heading for $70

Long
Crypto_Ed Aktualisiert   
BITFINEX:LTCUSD   Litecoin
Looking at the current channel, I can see LTC going for a wave 5 up to $70,-
RSI on daily has enough space to let it happen.
We might see a down first.
Target is determined with Fibonacci extensions.
More detailed information in the update on smaller timeframe.
Kommentar:
Buy the breakout or bounce on the lower horizontal line

Kommentar:
Price made indeed another leg down, now watch price action near the trendline for a strong upmove before you buy.
SL in accordance with your moneymanagement strategy below the trendline
Kommentar:
And here is the break out!
Kommentar:
LTC is having a hard time these days where BTC is flying.
I changed the blue trendline a bit and shows last hope for LTC.
If the price breaks below this line, its better to close the trade.

Remember: always use proper moneymanagement and stop losses! Better safe than sorry! LTC has risen a lot off late.....

Kommentar:
Nice bounce on the trendline and looks on its way for more up

Trend continuation pattern:
Kommentar:
sorry, i was to hasty making a chart
this looks better imho

Kommentar:
Doing well, nice recovery....lets see if LTC can continue the way up

Kommentar:
Ready for breakout?

Kommentar:
Nice rally for LTC!
Still on track for $70.
Possible bounce area on chart. Watch price action in the blue box

Kommentar:
We're more or less in the targetted area. Keep an eye on price action, we might get a correction from here or in the blue box.

Kommentar:

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