Daily LTC outlook - 20/12/2017
I will only watch the chart for my outlook
hourly chart
daily chart
the daily candle looks bearish. So i would expect that it will go near the old high at around 370 and then it can fall. First target is 260.
Alternatively, if it beats 370 next target should be 400
Fine But you can tell your analysis in a little more detail. Thus, there will be a Share of Thinking Thank You @wm-eu
the reason why I think so is because the daily candle shows weakness - it made a new high, but there hasn't been many buyers attracted by it and price fell after that. So ideally it should go toward the old high, make there a double top and fall to the retracement level.
To trade this in a speculative way I would use a sell Limit at 370 with a sl at 380 and 260 as target. Otherwise it would be possible to wait if it can break through 325 and then a target at 260.
Surely also a buy stop above 375 with an sl at 325 is also possible - but in my opinion the risk/reward for that is not very good.
well, just my 2 cents