SIELCORP
Panjang

LTC/USD Long

BITSTAMP:LTCUSD   Litecoin / Dollar
We need to pay attention to the 330 entry level. There was a new trend after the sell off between 12/12 -> 12/15. The trend has been stable but if there is a break in support in the 0.236 fib level ($330~) we may see a retractment to the 300 support line. Being a swing trade we have to realise that 300 is a very strong support line and will most likely just result in a new pattern upward toward the $400~500 levels.

Given the action in the cryptocurrency world lately this could happen in a few days so pay close attention.
Best case scenario for a break in the 330 support level would be entries between 300 and 317 (0.38fib) with stops at .78 or 1 fib levels.

As for now cryptos are looking extremely bullish and I doubt there will be panic sell offs or crashes to the depths of sadness (for all LTC holders).

Pay attention to the 51 RSI and how the MACD just crossed the Histogram in the 4h chart. There is a very real possiblity of a 300 entry.

BTC             Donations: 18Tre9MiL48drf48WYotXKZFci11q9r5j7
Komen: Trading sideways, wait for trend before getting into any trades.
Perdagangan aktif: Set limit order at 250.
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