LTC always behaves in a similar way with fibonacci points. Here is an idea to trade LTC in the medium and long term. 1st Buy below 220 $ 2nd Sell at 280 $ 3rd Re-Buy at 240 $ 4th Wait for new highs.
LTC is a cryptocurrency that does not have large movements in the short term. But when LTC decides to move, the price usually goes up 100-200% In the next move I think we can see LTC at $ 400. And probably at 700-1000 $ in 2018
Happy trade :)
Feel free to support my trades and analysis. Thanks a lot :) BTC: 2Epwp8WcEa1rAASEGUncKb13aq5jgLHNd ETH: 0x82611808112428dc6A81477188f6D242b038ff0b LTC: MDX4njFVGghAnDdWnqcumEZZCice5ada5L
Note
LTC is a very strong cryptocurrency. But if you want to use stoploss to not get caught, you can put stoploss at $ 150-175, depending on the risk you're willing to take
Note
After the last drop of BTC, which always drag the entire market, we have better prices to enter with better profits.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.