FerdiHodler

LITECOIN RECIPROCAL BUY

Long
BITTREX:LTCBTC   Litecoin / Bitcoin
As the whole cryptosphere is reaching a strong support level, BTC pairs beginn to offer interesting trade opportunity.

0.01BTC is the most important level of this pair.

for more information see the following link


From April 19 to january 20 we had a similar retracement as from february 18 to december 18 (-70%).

The reversal structure preceding the bottom of December 18 shares a lot of similarity to the price action of the last 4 months.

If as I think we are in a reciprocal trade, the natural target would be a 50% retracement of the last bearish leg AKA 0.01 BTC

Enjoy

BIO

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.