TradingView
MJMeetya
Aug 15, 2017 9:17 AM

Litecoin looks like following Bitcoin Long

Litecoin / EuroKraken

Description

Litecoin with similar channel to Monero that I wrote about.
Many altcoins have been painting the 1st higher low on a week.

I've also been increasing my altcoin exposure, since Bitcoin growth has to stop to take a breath at least for a while.
At that point it will be nice to already have alter positions. Some altcoins are realtively cheap, standing inside the channels.

Wish you luck and ...

Meetya

Trade active

Buy: 37
Stop loss: 32.5
Take profit: 45.5

Can leave some LTC for long term.

Comment

Ride has started.

After Bitocoin taking a break it is to be expected that the altercoins with larger media recognition should follow. Makes sense Litecoin is one of the first "old boys" to do that. Also some good news about Lightening Network and interconection between Bitcoin and Litecoin probably helps.

Comment

Litecoins is testing all time high. Holding the position.

Trade closed: target reached

Sold 1/2 position. Great trade and patience. After seeing what DASH and MONERO have done I left it to go out of the channel and maximize profits.
More