Litecoin
Long
Updated

LTC - short term 2x trade

475
LTC is showing signs of flag breakout which could lead to a quick increase in price. Pole theory is signaling to a possible 115% increase in 5-7 days. Quick flip low risk.
Note
Nice shakeout, bull flag formed, holding strong, your stop loss is under the cloud. In about 2 days we should see an almost complete pattern. Same pattern is also present in BTC pair. Holding strong.

snapshot
Note
Cloud acted as support, closing in to the end of the triangle, news coming soon, if Facebook really accepts LTC as a service this should fly crazy high.
Trade closed: stop reached
Will wait for a possible reentry.
Note
snapshot

This is BTC pair, touching EMA 50, cloud should be support, safe long entry is above the upper orange line.
Trade active
Soon
Note
snapshot
Note
USD pair should go up since BTC is bullish but I think that also the LTCBTC pair should go up in similar time which could impact the USD valuation quite a bit.
Order cancelled
I dont like it... USD should go higher but BTC pair kinda concerns me... Will watch it how it progressed but moved to NEO for a possible faster move. LTC has to break the upper resistance then it is a solid buy.

Disclaimer

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.