With the bitcoin showing to be strong. I think we have a bullish market this week and especially for litecoin, so I opened a long trade at 144 usd in the night. I'm sorry I couldn't get u guys up to date because it was like 1pm here.
There is a big change it will move in the channel I drawed and possibly it could make a nice elliot wave. First target is 200. I update this post with new targets when we hitted the first 1.
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Stop-loss should be placed just below the trend canal, when we move higher in our trend, we can move our stop-loss also higher. This way we minimize our risk.
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Becareful! Head shoulder on the btc chart! If bitcoin drop litecoin will also. I stopped the trade wait for a move up of the bitcoin and open a new long trade.
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With the head- and shoulder on the bitcoin I think we will see a little dip. And move to the bottom of the channel.
There are multiple ways you can view at litecoin atm. But the main idea is buy at the bottom side of the channel and sell on the top of the channel!
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Litecoin just broke out again! We can look for targets at the top of the channel!
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We hitted the top of the channel. We sold our position!
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Congratulations everybody! Big win! :)
Nick asked for my wallet adres, here it is: BTC: 13nRUU3mkGe8GsH9sCwNg7VsfveKqfYQsT LTC: LYs5WriU6KsELYzZ1oRKcvF5WX3bPt227x ETH: 0x94a30efbb487c1fa5495228b5d9727bdc302b2ac
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Litecoin going crazy, for me it's way to risky to enter the market now.
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I think the bullrun of litecoin is over. I think most of the volume will go to bitcoincash, because it just broke out his resistance.
What is your BTC or LTC wallet adres?
I will send you a christmas present!