LTC/BTC is Showing a Bullish Pattern 300% + ROI
Updated
Hello, Trading View,
Here is a great coin that started the trend of improving the block chain. The recent adoption of LitePay is going to help boost the demand for Litecoin. Although the application is dependent upon vendors willingness to accept it. Usually, that means that there won't be an imediate increase in demand. It will take a very long time for merchants to adopt it.
But then again, nobody really reads the facts. They just buy it because it's a new trend. So you can make a little money off the trend.
The debatable part on this trade is, how low you should buy in at. The stochastics indicator is pretty good at finding trend reversal points when combined with candle stick chart patterns. Sense it is borderline over bought. In my opinion you should just hold off until the price pulls back a bit.
The MACD is confirming that this is probably a good time to take some of the meat off the table and see what happens. So i personally like to maximize my ROI when trading. As a result, I'll be waiting a few more days to buy in. Ideally at the lower support line. But if we see a trend reversal pattern before then. You can always just buy in at one of the targets instead.
Buy-in: .021256
Target 1: 0.021256
Target 2: 0.022871
Target 3: 0.0215151
Stoploss: 0.016912
Conservative Stop-loss: 0.018699
Excuses don't get results.
Facebook Group: facebook.com/groups/134980417172304/
Web: lucky024.wixsite.com/stoploss123
Twitter: twitter.com/JordanSC72/
Here is a great coin that started the trend of improving the block chain. The recent adoption of LitePay is going to help boost the demand for Litecoin. Although the application is dependent upon vendors willingness to accept it. Usually, that means that there won't be an imediate increase in demand. It will take a very long time for merchants to adopt it.
But then again, nobody really reads the facts. They just buy it because it's a new trend. So you can make a little money off the trend.
The debatable part on this trade is, how low you should buy in at. The stochastics indicator is pretty good at finding trend reversal points when combined with candle stick chart patterns. Sense it is borderline over bought. In my opinion you should just hold off until the price pulls back a bit.
The MACD is confirming that this is probably a good time to take some of the meat off the table and see what happens. So i personally like to maximize my ROI when trading. As a result, I'll be waiting a few more days to buy in. Ideally at the lower support line. But if we see a trend reversal pattern before then. You can always just buy in at one of the targets instead.
Buy-in: .021256
Target 1: 0.021256
Target 2: 0.022871
Target 3: 0.0215151
Stoploss: 0.016912
Conservative Stop-loss: 0.018699
Excuses don't get results.
Facebook Group: facebook.com/groups/134980417172304/
Web: lucky024.wixsite.com/stoploss123
Twitter: twitter.com/JordanSC72/
Note
So it is on the resitance line today. IMO you should wait until it bounces off the resistance line to ensure that it is going to go bull before you buy it. If it does break this line you can expect it to drop considerably. So be sure to set your stop loss tight.
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