Litecoin has entered a stage 2 uptrend with clean pivots.
I will be looking for a pullback to the $182-$185 area on the daily/weekly chart since that will approximately be a 50% pullback from the peak and will be sitting on strong support.
My target will be the $295 area since there is another past pivot at that area. This is where I expect for another reversal to occur.
My stop loss will depend on the pattern that forms during the pull back.
TRADESTATION:LTCUSD
I will be looking for a pullback to the $182-$185 area on the daily/weekly chart since that will approximately be a 50% pullback from the peak and will be sitting on strong support.
My target will be the $295 area since there is another past pivot at that area. This is where I expect for another reversal to occur.
My stop loss will depend on the pattern that forms during the pull back.
TRADESTATION:LTCUSD