Litecoin - did the crash stop? (200% potential profit)
At the moment the market looks like in recovery mode, all coins were down about 50% and for now they are increasing in price. MACD and RSI supports uptrend movement, so we should expect reaching our profit goals.
Buy orders should be placed - 260(risky) , 215.
Profit goal - 345, 480, 690.
Stop - 170 or 115. (very unlikely for it to reach this numbers without any major negative news coming to ltc, or to the cryptocurrencies in general)
Let the Litecoin play it out, reaching 480, 690 might take a while. I pointed out stops where the price might bounce back, so you can trade and get some profit along the way. Do so at your own risk.
If you liked my chart, be sure to follow me.
I will answer all questions as fast as i can.
Good luck trading!
Buy orders should be placed - 260(risky) , 215.
Profit goal - 345, 480, 690.
Stop - 170 or 115. (very unlikely for it to reach this numbers without any major negative news coming to ltc, or to the cryptocurrencies in general)
Let the Litecoin play it out, reaching 480, 690 might take a while. I pointed out stops where the price might bounce back, so you can trade and get some profit along the way. Do so at your own risk.
If you liked my chart, be sure to follow me.
I will answer all questions as fast as i can.
Good luck trading!
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Update:
Currently fighting the resistance, most likely it will break it.
Currently fighting the resistance, most likely it will break it.
Nearing 0.786 resistance, breaking it would place 345 in play.