BTC/LTC Possible breakout

19 Eki 2018

In this chart you can see LTC/BTC support and resistance levels. LTC's biggest challenge is to break the 0.01 resistance, if it does that it will be a very strong bullish sign. It is very unlikely that LTC will reach Support 1 or 2, it will probably move to the 0.010 resistance, followed by a short drop of 2%-5%, followed by a sharp jump to 0.0107, It will stay there for a few hours and drop to 0.0105. After all that if it manages to eventually break the 0.0126 resistance it will start a long term bull run. Investing in LTC with a stop loss at 0.0069, or 0.00529 is a risky trade with possibly immense profits.

Instructions:

Stop loss
20% at 0.00680
80% at 0.00520

Take profit:
40% at 0.00985
25% at 0.01065
35% at 0.01255 or 0.01143

When crypto markets become bearish, smaller coins get extremely undervalued. The market is at a turning point, if you can't accept 40% losses then you won't get 1000% gains.

7 Kas 2018

İşlem aktif

This trade is still active, it will be correct eventually. I am 90% sure that LTC will be worth more than 0.01 BTC by 1.1.2019