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Litecoin/Bitcoin (LTC/BTC) on a Bullish Breakout

Strategy: buy n a dip after bullish breakout

Litecoin/Bitcoin has been consolidating after a downtrend. It turned out this consolidation range could be a price bottom for the short to medium-term.

Tradingview.com:Bittrex

Tradingview.com:Bittrex

  • The 1H chart shows the bullish breakout.
  • I am now waiting for price to pullback to the 0.0080 BTC level.
  • Also would like to see the RSI in the 1H chart fall back to the 40-50 area. 
  • A stop will be below 0.0076 (around 7% risk)
  • Targets will be around 0.0090 (12.5%) and 0.0100 (25%)

Bitcoin (BTC/USD) Marks New High as Segwit2X Fork Scrapped

ADex/Bitcoin (ADX/BTC) - Pullback after Breakout