Hi there guys its Brian here from Crypto Brotherhood. Currently we have a good long opportunity with Litecoin (LTC) forming a cup and handle formation on the 4 hour time frame. Overall the market cap for the whole of crypto market has seen a sharp rise from yesterday and this could be the start of the next run up.
If we are to go long at current prices with stop loss at 0.000263 and first take profit target at 0.000709, it would be a risk to reward ratio of 2.7
If holding for long term, once price breaks through the first target, there's no clear resistance until the 2nd target at about 0.0125 area which is about 33% up from current price.
Twitter: twitter.com/CryptoBroHood
Youtube: www.youtube.com/c/CryptoBrotherhood
If we are to go long at current prices with stop loss at 0.000263 and first take profit target at 0.000709, it would be a risk to reward ratio of 2.7
If holding for long term, once price breaks through the first target, there's no clear resistance until the 2nd target at about 0.0125 area which is about 33% up from current price.
Twitter: twitter.com/CryptoBroHood
Youtube: www.youtube.com/c/CryptoBrotherhood