I strongly believe that LTC will be uptrend the anytime soon, the fundamental are:
"DMM Bitcoin will launch a new service site for virtual currency trading on January 10, 2018, and we plan to start accepting account opening"
January 26 - Blockchain Technology Evolution in US and China. Speaker: Charlie Lee
Now let's check technical analysis
Yellow Line: This can be resistance or support it depends where is the actual price when you are looking at the chart. Below actual price is support and above is resistance.
White line: This is bullish trend and also can be support.
Pink box: accumulation channel where price has been moving around.
Fibonacci tool that has support and resistance lines where the price retraces back and can be use to set you entry or exit point.
Actual price= 0.01693000
Support= 0.01633000
Buy between= 0.00005494 - 0.01726000
Short term
Midterm profits 50% or more
Ideal entry is buying around first support or some Satoshis below, and if this coin breaks support, buy around next support line. Usually when it touches strong support there will be a bounce back. Market is unstable, dont forget to set up stop loss around -5% to -15% or even more it depends of your risk tolerance.
Set targets using Fibonacci tools and remember not to be greedy. Goal is accumulate profits, small profits can make a fortune.
Bullish trend is on, watch volume before taking your position.
BE AWARE OF THE MARKET VOLATILITY & ALWAYS CAUTIOUS WITH BTC!
DYOR and trade at your own risk!
