Hi All!
Today we are going Long on Litecoin.
Entry: 0.02+
Target: 0.04
Stop-Loss: 0.018
We broke out of the 3-year downtrend. Once we break 0.022, next stop is 0.03. After that, 0.04 for the completion of Cup & Handle formation. = $100.
FA:
TA: In the chart
Happy trading! ;)
PM for group invite
Today we are going Long on Litecoin.
Entry: 0.02+
Target: 0.04
Stop-Loss: 0.018
We broke out of the 3-year downtrend. Once we break 0.022, next stop is 0.03. After that, 0.04 for the completion of Cup & Handle formation. = $100.
FA:
- Again, we broke out of the 3-year downtrend.
- Charlie left Coinbase for Litecoin. Coblee smart, he knows.
- Visit to Jihan 2 weeks ago. Jihan smart, Jihan allow Segwit, Jihan knows.
- MT777 is now the Knight for the people of Chikunland. He is also the former market maker on ETH, flashing a year ago 4k BTC buy orders to help the good people of Poloniex join his ride.
- Coherent team is the pre-requisite for usable currency. There lies the main advantage of Litecoin over Bitcoin.
- In the near future, when Quantum computers hit crypto, Litecoin will be able to defend. BTC not. Plus add smart contracts for Chikun which are on the way and will most likely be accepted by consensus from miners & community.
- Aug 1st is the spark for merchants and possibly exchanges to switch from BTC to Litecoin.
- Great majority of longs has been wiped on Futures just yesterday, before today's breakout. No profit takers on our way up -> accelerated move.
TA: In the chart
Happy trading! ;)
PM for group invite
Reason: Today We, the great people of TradingView have witnessed how LTC/BTC - the lone survivor of alts crash, has crashed. Even worse, all other crypto/BTC pairs have recovered. :rip:
So... Litecoin has a great potential, but to make money, we must wait institutional capital to enter.
Happy trading! ;)