LITECOIN is in Range bound but Resumption of uptrend is expected.
In , A pattern is formed which is the first sign of the beginning a .
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The is at 46 and above a .
Price is in the (0.01438 to 0.01265), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.01438)
.Ending of entry zone (0.01265)
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
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TP1= @ 0.01731 (First Target)
TP2= @ 0.01854 (second Target)
TP3= @ 0.02000 (Third Target)
TP4= Free (Fourth Target)
All SLs moved to Break-even.
Up trend is Beginning so more gains to more heights is expected.
We put all SLs to Entry Point.
Total Profit: 1220004
Closed trade(s): 752735
Open trade(s): 467269
We opened 4 BUY trade(s) @ 0.01610755 at 02.03.2018 based on 'reversal candle (Hammer)' at 02.02.2018.
TP1 @ 0.01731 touched at 02.03.2018 with 120245 pip Profit.
TP2 @ 0.01854 touched at 02.04.2018 with 243245 pip Profit.
TP3 @ 0.02000 touched at 02.14.2018 with 389245 pip Profit.
389245 + 243245 + 120245 = 752735
Profit for one trade is 0.02078024 (current price) - 0.01610755 (open price) = 467269
1 trade(s) still open, therefore total profit for open trade(s) is 467269 x 1 = 467269
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You had published analysis on BTC that will down to 9.1K. As it effects on alts, could you please to update the LTCUSD. I find 2 analysis on LTCUSD that showing 2 way of continuation of this "drama" :D Could you also give commentary on them, please? Thank you! :)