Litecoin (LTC/BTC) - 30 day accumulation period to end soon!
Litecoin seems to be gearing up for a breakout sooner rather than later. Best way to trade this is to go in after the breakout and if prices stay above support (what was prior resistance)
Entry: After breakout and resistance becomes support
TP1: 0.0204
TP2: 0.0218
TP3: 0.0235
Stop loss: 0.0163 or below support after the breakout.
In the case of a failed breakout, you can enter with a tight SL at 0.0165 or 0.015765 if the previous price doesn't hold.
Thumbs up if you agree! Comments welcome.
*Not intended as trading advice. This is just my trading idea. I trade with stop losses. Please use your own judgment when trading real money*
Entry: After breakout and resistance becomes support
TP1: 0.0204
TP2: 0.0218
TP3: 0.0235
Stop loss: 0.0163 or below support after the breakout.
In the case of a failed breakout, you can enter with a tight SL at 0.0165 or 0.015765 if the previous price doesn't hold.
Thumbs up if you agree! Comments welcome.
*Not intended as trading advice. This is just my trading idea. I trade with stop losses. Please use your own judgment when trading real money*
