Daily LTC outlook 04/01/2018

in #litecoin7 years ago

LTC_USD_1h.png
hourly

LTC_USD_1d.png
daily

ltc shows a classical range trading. Ideally a breakout in one of the two directions should be waited.

Although from feeling i would prefer the upper side (also because it Shows of an inverted shs whichs target is at ~320

Trading idea:
Buy stop at ~260
Take Profit at ~285 and later at 315 and 330
stop loss at ~230
The risk/reward - Ratio is at 0,83 respectively 2,33 of the tp is at 330.

just my 2 Cents and trade on your own risk