DLavrov
Long

Litecoin Buy Signal

POLONIEX:LTCUSDT   Litecoin / Tether USD
Price bounced from the uptrend line and RSI confirms price reversal. We have a possible buy opportunity. If the market breaks the top border of the descending price channel , we'll have a confirmation for further upward movement. Based on the local swing high from the hourly time frame, we can place pending orders for buy above 43.80 level. Stop orders must be placed below 38.00 level which it the local swing low. Profit targets are 50.00 and 55.00 resistance levels. Also you can leave a part of buy positions for long run.
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LTC just broke 43.8 and within two hours has shot up to 44.77. Any further analysis on this @DLavrov ? Targets still at 50/55?
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I see a resistance at $48.5
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Love your analysis as always. It went up to 43.8 earlier, but now it's at 43 now and dropping a little on the 1h. Is the indicator that this is a time to buy still there if the price has fallen since then? Or should one wait until its solidly in that zone?
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mtamrph0sis mtamrph0sis
*it's at 43.14 and dropping
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LTC seems to be showing strong signs. Holding its price above 43 quite well.
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Thank you what if I buy below 43?
+1 Antworten
DLavrov obainosoft
@obainosoft, be ready for possible downward movement. But in long term the market can move much higher than 55.00 level.
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@DLavrov, Thx. On Polo now price to low that other exchange... is good sign i think or not ?
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DLavrov shadowforworld
@shadowforworld, if you trade for middle or long term, it does not matter. For short term it's important. As for low price - different exchnages provide different prices. It is ok! But be careful with Poloniex!
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thomasfar6 DLavrov
@DLavrov, Why be careful with Poloniex ?
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