LTC - Attempting To Break Weekly Structure
Hey guys,
As the alt market begins to heat up, it is worth taking a good look at Litecoin. Taking trend-line resistance from the weekly closes, LTC is currently battling this indicator, and a solid 2-3 weeks outside this structure could result in a massive re-evaluation back towards $75 levels.
I like a long position entry at $54. TP target $74. SL $47
As the alt market begins to heat up, it is worth taking a good look at Litecoin. Taking trend-line resistance from the weekly closes, LTC is currently battling this indicator, and a solid 2-3 weeks outside this structure could result in a massive re-evaluation back towards $75 levels.
I like a long position entry at $54. TP target $74. SL $47
Komen:
Daily Structure
Komen:
Vs.BTC - weekly oversold + Big support (if BTC makes a break for it, LTC should see a solid re-evaluation)
