[LTCBTC](133%) Litecoin PREMIUM Trade

Alan Masters
September 10, 2019
Closed
[mcrypto id="29363"][/mcrypto]

Litecoin (LTC) Overview

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.

 

Litecoin (LTCBTC) Chart Analysis

Litecoin chart:

  • Here we are looking at 5 consecutive green candles to start.
  • LTCBTC now trading above EMA10.
  • Bitcoin consolidating (good for altcoins).
  • Bullish divergence with the MACD.
  • Strong RSI.

 

Litecoin (LTCBTC) Trade Details

Buy-in: 0.006400 - 0.007020

Next support: 0.006080

Targets:

(1) 0.007580 -Reached 17-Sept. (+8.5%)
(2) 0.007980 -Reached 18-Sept. (+14%)
(3) 0.008480
(4) 0.009410
(5) 0.009980
(6) 0.010900
(7) 0.012380
(8) 0.014800
(9) 0.016280

Profits potential: 133%
(Buy calculated at 0.006985)

Stop-loss: Close weekly below 0.005200.

Capital allocation: <20%.

 

LISTEN TO YOUR HEART

Trust your true feelings as they are your navigation system to go through life.

When in doubt... Listen to your heart.

Namaste.