Trade Update: LTCUSD
Good evening traders. Here’s a live update on my LTCUSD long.
At the time of my trade alert last week:
As you might have noticed, my call was flawless and price absolutely ROCKETED from my entry point. Now comes the dilemma: we’re nearing what is not only the upper boundary of the Ascending Wedge we’ve been climbing within, but previous all-time-high (ATH) price. I personally think I am going to leave the trade ON the table, due to the safety of my liquidation price, and if it pulls back, I will add to the position. However, many may look to take profit here - especially those that are trading smaller accounts - as the potential of a pullback to the $275-300 area is quite real, with the overextension of this run up, and the seriousness of the catalyst we’re facing at $360. If you’re going to sell, sell now. I will post an update of where I’m adding to my position, and that will be your signal to buy back in. If you’re looking to HODL through any potential pullback, more power to you, and we’ll be riding this to $900+ (LTCBTC ratio of 0.018).
Hope this helps, and again, you know your own financial situation better than anyone. I’m just presenting the options and what I’m doing here.
AotC release tomorrow… Keep a look-out…
Cryton Capital is not a registered investment advisor, legal advisor, tax advisor, or broker/dealer. All investment / financial opinions expressed in any-and-all posts on this page, including screenshots & captions, are from the personal research and experience of the owner, Mr. Chris Cooper, and are intended to be interpreted as educational material only. Although best efforts are made to ensure that all financial charts and commentary are as up-to-date as possible, there may be times where price moves beyond key levels before the chart can be posted. Alas, this is part of the financial sector and cannot be avoided. Also, occasionally unintended errors and/or misprints may occur.
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