LTC is LIVE on Bitstamp - Litecoin Technical Analysis (June 24, 2017)

3년 전


Let there be Litecoin...

is the title of the email I received from Bitstamp about two hours ago. Bitstamp is now trading these pairs of Litecoin - LTC/USD, LTC/EUR and LTC/BTC. This is a step forward for Litecoin and should have a positive impact on its price over the long term. But what can we expect over the short term?

Technical Analysis (LTC/BTC)

Despite the good news, Litecoin is not looking good over the short term as its technicals are stressed out after last week's big breakout.


Looking at the 4-hour chart, we can expect Litecoin to make a leap down to the major support line at 0.0126 in the next few days before regaining its strength to take the next flight of stairs up.

Trade Entry: 0.0129
Trade Exit: 0.0158
Trade Profit: 22.48% Gain

Disclaimer: Please always do your own due diligence, and consult your financial advisor. My trades are solely intended for personal use. I never provide any actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending

Great post man keep it up

  ·  3년 전

Thanks for the support!

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by bibboyne from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.