Hi friends, hope you are well and welcome to the new update on Litecoin.
On the long-term 2 month time period chart, the price action of the LTC has completed the final leg of bullish BAT and entered in the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Potential reversal or buying zone: 0.005429 to 0.002939 btc
Fibonacci projection or sell zone: 0.011366 to 0.020379 btc
Stop loss:
The maximum extent of potential reversal zone 0.002939 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 593% and the loss possibility is only 46%
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