Hi friends hope you are well, and welcome to the new update on Litecoin.
On the long-term weekly time period chart, the price action of the LTC has completed last leg of bullish Shark pattern and entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts form 0.886 to 1.13 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 1.13 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 43.5%, and the loss possibility is 9.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals join:
www.patreon.com/moon333
On the long-term weekly time period chart, the price action of the LTC has completed last leg of bullish Shark pattern and entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts form 0.886 to 1.13 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 1.13 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 43.5%, and the loss possibility is 9.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals join:
www.patreon.com/moon333