Ticker: LTC/USD
Position:
- Long 15X LTC
- Buy up to $82.00
- Exit = 2 closes below weekly 21 ema
- Initial target = $100
- Will look to sell a portion of the position when possible to make this a riskless trade (will consider this at 33% gain)
Rationale:
- Bullish moving average cross over
- Bullish MACD cross over is occurring
- Trend has shifted to bullish and there appears to be good potential upside after this most recent pullback
- The crypto market is getting very close to the Bitcoin halvening, and my analysis has shown that LTC is currently more undervalued relative to Bitcoin, this gives some good exposure to the space without going into the extremely volatile end of the spectrum (i.e. small cap altcoins)
-TradingEdge
Position:
- Long 15X LTC
- Buy up to $82.00
- Exit = 2 closes below weekly 21 ema
- Initial target = $100
- Will look to sell a portion of the position when possible to make this a riskless trade (will consider this at 33% gain)
Rationale:
- Bullish moving average cross over
- Bullish MACD cross over is occurring
- Trend has shifted to bullish and there appears to be good potential upside after this most recent pullback
- The crypto market is getting very close to the Bitcoin halvening, and my analysis has shown that LTC is currently more undervalued relative to Bitcoin, this gives some good exposure to the space without going into the extremely volatile end of the spectrum (i.e. small cap altcoins)
-TradingEdge
