Sometimes you just feel comfortable about a particular script/coin and than you see some indicators helping your claim.
LTC USD is one pair where I can claim gaining profit almost 100% of the times (touch wood). Every pair has its own way of following technical, in LTC, I believe Moving Averages (MA) play a significant role. Currently we see a bigger gap between 9,21 and 26 MAs and this is what I am planning to exploit, hence the targets can vary on daily basis.
The green box on the chart is my range of buying, with ideal price on the green line, however that might not be available as 26MA will be moving upwards, so keep an eye on 26MA. My orders are spread between 82.5 and 84.
For the sell target, I am targeting 96, but that is also dependent on 9MA, keep an eye on 9MA, that is actually the target. Red line is the stoploss on closing basis, watch out for false break as it happens a lot in LTC.
Happy Trading :)
LTC USD is one pair where I can claim gaining profit almost 100% of the times (touch wood). Every pair has its own way of following technical, in LTC, I believe Moving Averages (MA) play a significant role. Currently we see a bigger gap between 9,21 and 26 MAs and this is what I am planning to exploit, hence the targets can vary on daily basis.
The green box on the chart is my range of buying, with ideal price on the green line, however that might not be available as 26MA will be moving upwards, so keep an eye on 26MA. My orders are spread between 82.5 and 84.
For the sell target, I am targeting 96, but that is also dependent on 9MA, keep an eye on 9MA, that is actually the target. Red line is the stoploss on closing basis, watch out for false break as it happens a lot in LTC.
Happy Trading :)
