Let's get right into it. After the LTC/BTC pair shot up, it's been consolidating in a zone from 170-188. We look like we're currently trying to break out of that zone, but I want to see a clean break of 190 WITH VOLUME
to confirm that. Due to the volatility
of this market, I would advise taking profits at 210-220. The only thing that would make me move this target up is if BTC
can clear 10k, which I personally do not think will happen before we see some more downside pressure. Trade safely in this market, don't ever tell yourself "It can't go lower than this". Use Stop Losses widely and don't be afraid to leave some money on the sidelines. Let the market come to you don't chase the market.
Stop Loss: 186. Because if we fail to break out, I'd rather you hit your stop loss and try to accumulate lower if you'd like.
Conservative Target: 210-220.
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