The recent uptrend in the crypto world was much needed. How long can this continue? The strength of the break out was enough to signal it was legitimate, and therefore saw nice follow through. The daily chart on LTC could pull back to 180 and still maintain a pattern of higher highs and higher lows. LTC's parabolic move upward unfortunately leaves a large area open to retest for support. consolidation would be healthy and give an opportunity to catch the next wave up.
Analyze your own risk/reward scenario for stop losses. I always advocate for taking profits early to ease fears. Profit taking percentages vary on comfortability with risk. I trade as a hobby, and am not responsible for any decisions you make.
Analyze your own risk/reward scenario for stop losses. I always advocate for taking profits early to ease fears. Profit taking percentages vary on comfortability with risk. I trade as a hobby, and am not responsible for any decisions you make.