Litecoin Entry Level

POLONIEX:LTCUSDT   Litecoin / Tether USD
The daily chart of Litecoin still looks overbought and the market can drop lower. We should be very careful with all long positions now and use stop orders. Based on the 4H chart we can get a new trading opportunity. If the price bounces from 240.00 support level and breaks the downtrend line, it will be a signal that the market is going to move higher. For getting an additional signal confirming the continuation of the uptrend, we should wait for a breakout above the previous swing high and 300.00 resistance level . We can place pending orders for buy at 302.50 level with stop at 220.00 level. Profit targets can be 360.00 level for short term trading and 400.00 as the main level for fixing profit. Also the part of trade volume can be left for long run.
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@DLavrov would you care to share an update on LTC? Thank you so much!
Hi. It’s slowly moving down. What do you think...it’ll go lower 200?
Mr. Lavrov, it seems like you are an experienced trader and very popular around here. Im very new to cryptocurencies and trading in general, so my opinion may not be taken as serious as more experienced people, but i believe that alt coins prices is tied to bitcoin those days and not at patterns or trendlines.
I think you should start from there. I would recommend to take a look @FUNTRADER-Vera recent idea.
I dont meant to be disrespectful. I expect to see more of your ideas on LTC and other alts aswell once bitcoin settles down a bit...
Thanks for the prediction. Mery Christmas. :)
thanks bro!! Merry Christmas :D
First of all, happy holidays on you and your family bro. Second, is there any Telegram channel I could join in to? :)
Third, I like the chart, but for me it is still too risky, I think lots of people aren't confident as well on buying in because of the risk. But yeah, who knows what will come.
@DLavrov Marry Christmas to you and your family as well. The 2018 year will full of oportunities. Thanks for all your help!!!!
@penaf, you too my friend :) may it be awesome!
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