Litecoin CRASH SOON, Wait for Buy Zone

Litecoin / EuroKraken

描述

⋅ Dec 11, 2017 11:56 AM

CHANNEL BOUND:

Litecoin has reached the top of it's range in this chart based on Euro
from Kraken. The USD chart looks the same.

We see this channel going back to May and so far it has proven a reliable predictor of price movement.

We should play the range of this channel until a breakout to the upside or downside.

The odds are in your favor to take profits now at this 130 level in the EUR and 165/170 in the USD pari.

Then we wait for a pullback to the buy zone at the bottom channel line around 100.

THE TRADE:
Take profits now in Litecoin around 133 in the EUR
Buy on a pullback to the buy zone around 100 and take profits around 200 EUR

OVERALL LONG TERM TRADE:
Long term, this price trend is very bullish and you can buy and HODL Litecoin as long as this channel is intact.

Good trading!

SebastianMa

⋅ Dec 11, 2017 5:48 PM

great advice. not

leondb

⋅ Dec 11, 2017 6:03 PM

@SebastianMa, unnecessary.

SebastianMa

⋅ Dec 11, 2017 8:59 PM

@leondb, this kind of advice recks people up. When this was posted, no chart looked like that. LTC had already moved way past resistance. At least do an update when you're wrong so people can buy. $190 was the next fib level to reach. it got reached. Follow Nicola Duke or nictrades on fb and twitter

OliverNicolasOverhage

⋅ Dec 12, 2017 12:42 AM

@SebastianMa, haha, people think they can predict everything. good try though. people are exchanging their btc to ltc now to trade ^^. thats what i think.