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Saturday Morning Litecoin Long ☀️

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Hey guys,

One of the advantages of trading crypto is that the market is not only open 24 hours a day, but also open 7 days a week. Yep, crypto is open on Saturday and Sunday.

Between both Steemit and day trading, this 24/7 world of crypto that is now available to us has completely changed how my weeks are structured. No longer are weekends a true break, which can be seen as both a good and bad thing.

So here I am sitting down on a Saturday morning, going through my charts like any other day, searching for markets that have dipped into higher time frame support zones and are therefore in play.

Enter Litecoin:

LTC/USD Daily

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While not quite having reached that older daily support zone, you can see that price has pulled back into support formed from that most recent swing low.

With that putting Litecoin in play for longs, I then step down into an intraday chart to look for an entry:

LTC/USD Hourly

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The hourly shows a nice intraday retest of short term resistance turned support. This is your entry and zone to manage your risk around.

Enjoy your Saturday!

✌🏻.




@forexbrokr | Steemit Blog

Market Analyst and Forex Broker.

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Saturday Morning Litecoin Long ☀️ was published on and last updated on 26 May 2018.