LTC: Target and strategies.
Hello traders and hodlers! Let’s see what’s happening on LTC today! Yes, it is doing a phenomenal movement, but what to expect next?
Well, LTC is in a bull trend, at least on the mid-term. Is doing ascending tops and bottoms, and when it does a pullback, the volume decreases (black arrows). This is a good indicator that the trend is bullish.
But, if you have some LTC with you, just keep an eye on the purple line at $ 65.31. If you are anxious about the trade, just book your profits if it loses this line (or you may book half of your position as well), and wait for a better opportunity, after a pullback.
A pullback to the 21 ema would be ok, and the trend will remain bullish. The red area is a support zone as well, but it is unlikely that it is going to be hit again, in the mid-term.
Either way, pullbacks are just opportunities to buy (or buy more/again), and our target now is the “target zone” near $ 80.98.
The volume increased a lot recently, and there’s no reason to worry or to believe there will be a reversal soon. Please, support this idea if it helped you! I'm sure you found it interesting, otherwise you wouldn't still be here, right? And follow me for more analyses like this one!
Recent public trades (links below):
XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
BECOME A MEMBER!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Well, LTC is in a bull trend, at least on the mid-term. Is doing ascending tops and bottoms, and when it does a pullback, the volume decreases (black arrows). This is a good indicator that the trend is bullish.
But, if you have some LTC with you, just keep an eye on the purple line at $ 65.31. If you are anxious about the trade, just book your profits if it loses this line (or you may book half of your position as well), and wait for a better opportunity, after a pullback.
A pullback to the 21 ema would be ok, and the trend will remain bullish. The red area is a support zone as well, but it is unlikely that it is going to be hit again, in the mid-term.
Either way, pullbacks are just opportunities to buy (or buy more/again), and our target now is the “target zone” near $ 80.98.
The volume increased a lot recently, and there’s no reason to worry or to believe there will be a reversal soon. Please, support this idea if it helped you! I'm sure you found it interesting, otherwise you wouldn't still be here, right? And follow me for more analyses like this one!
Recent public trades (links below):
XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
BECOME A MEMBER!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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