I've been following Litecoin closely as I recently lost around 10% on a trade hitting a stop loss. I was looking to short it, looking for bearish signals. However all the signs I found were bullish. Pointing towards a small reversal. Check out the chart 2hr chart all the information is highlighted via call outs. In summary, we have bullish divergence, a golden cross, a three line strike and an inverse H&S. All pointing to a short term uptrend. So I've enter a up a quick short term trade as follows:
Entry - 215 (I got in at 200)
Stop Loss - 205
Exit- 233 - 243 (at around 10% profit)
Entry - 215 (I got in at 200)
Stop Loss - 205
Exit- 233 - 243 (at around 10% profit)
Based on 2hr chart.
Admittedly 1hr looks a bit more bearish