Litecoin is currently in a consolidation phase and will likely move between the descending curve and the ascending trendline below it.
While Bitcoin and Ethereum have made downward movements in the past few days, Litecoin has not shared that large downward movement.
We can scalp on touches of the lower trendline and hold until price touches the upper curve. Pending a breakout up, we can go long to ride a potential long term uptrend.
Scalp trading during consolidation periods can be profitable if done properly! We believe that 2018 will be a very good year for several cryptocoins, Litecoin among them.
Alternatively, we can simply buy on touches of the lower trendline and hold for the long term.
Do your due diligence before trading!
While Bitcoin and Ethereum have made downward movements in the past few days, Litecoin has not shared that large downward movement.
We can scalp on touches of the lower trendline and hold until price touches the upper curve. Pending a breakout up, we can go long to ride a potential long term uptrend.
Scalp trading during consolidation periods can be profitable if done properly! We believe that 2018 will be a very good year for several cryptocoins, Litecoin among them.
Alternatively, we can simply buy on touches of the lower trendline and hold for the long term.
Do your due diligence before trading!