This is the one hourly chart.
We are analyzing LTCBTC and a falling wedge formation is recognised. Now, movement of LTC more or less depends on BTC right now so please keep an eye out for BTC as well.
In order to lock in quick profits, you can buy LTC at 0.0147 approx and sell when it breaks out of the falling wedge.
BUT, beware if BTC drops sharply again, LTC might not follow this pattern and drops more quickly than BTC.
Anyways, this is a trade one can do for a short term.
Happy investing!
We are analyzing LTCBTC and a falling wedge formation is recognised. Now, movement of LTC more or less depends on BTC right now so please keep an eye out for BTC as well.
In order to lock in quick profits, you can buy LTC at 0.0147 approx and sell when it breaks out of the falling wedge.
BUT, beware if BTC drops sharply again, LTC might not follow this pattern and drops more quickly than BTC.
Anyways, this is a trade one can do for a short term.
Happy investing!