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.
The best man on trading view,,I never seen such a greet analysis for everything mr.Lavrov do for us in past few months.Completly perfection in his job,becouse people like him people have more faith in trading and opportunities in their lives,the market is unpredictable but he olways do his best.Thank You!!!
nginx
⋅
Everything depends on BTC right now. Too much risk with this trade in my opinion. Even BCH broke above a solid resistance yesterday but was pulled down by BTC with the sudden collapse. Unless BTC fully corrects and starts a new uptrend, all bets are off.
likler
⋅
I think that long and short SMA will form a dead cross soon and we will see another downslide to a level of 200s or 150s
ZaZa_
⋅
Btc is going to down $8000 market is not stable
berkkarabacak
⋅
We only care about BTC now. Please share your thoughts on BTC
removed
⋅
@berkkarabacak, Who is "we?" Why don't YOU share YOUR thoughts on Bitcoin instead of acting like an entitled little brat?
berkkarabacak
⋅
@landonwiggs, me and my two buddies here, we are not pro our thoughts are worthless
removed
⋅
@berkkarabacak, I can't tell if you're being sarcastic or not, but if you aren't, then you should put more time into learning and less time into being so demanding of people who put a lot of time into sharing their charts and insights with you.
TheGrandestOfAllGrandMasters
⋅
@landonwiggs, lol
Xtadeus
⋅
Thank you. Could be... if BTC is not going further down... Do you have an analys coming for btc ? Cause I would like to know for this possible 10k - 8k - 6k ...