Lots of good signals showing for both LTCUSD and LTCBTC pairs. On the BTC trade, a 50% retracement from the crash would bring price to ~0.016, a 60% gain. 3D MACD crossing to positive, price has broken out of downwards wedge formation, and has also blown through 50 MA. RSI heading into overbought, but still lots of room to run. Entering long position. Targets on chart.
Nota
possible formation of bullish pennant/ascending triangle on LTCBTC 1H chartNota
first target reached, although I think this may be the beginning of something bigger...Nota
look at the times in the past on the weekly USD chart where stoch RSI has reached this level...Operación activa
closed half the position at 20-25% profit. watching here for a pullback for reentry.Nota
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there is some interesting hidden bullish divergence (green lines) forming on the 1H charts which could be suggesting that the upwards trend will continue
Operación activa
looking good fam, eyeballing 0.016 targetOperación cerrada: objetivo alcanzado
we could be in for more upwards movement, but I am taking majority of profits here.+82% in BTC terms.
2.5x in $ terms.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.