Super Algorithm is bullish from $59.24. It has not shown any bearish sign. It has around 66% profitability using three years Coinbase data and going long and closing long.
Litecoin is making a Higher High - Higher low bullish structure and is currently searching for the next higher.
The price has bounced from the demand zone after retesting and now likely going for the purple supply zone above. It is a bullish structure.
Parabolic SAR is coming down and very close to the price while the price is gradually going up. It is a bullish structure.
Price has bounced off the zigzag median line and likely going for the red dot and then the red line above. It is a bullish structure.
Price is consolidating as can be seen from the highlighted area. Once it breaks free, it likely will skyrocket.
TD Sequential on monthly shows an X on the bottom of the current month. It tells me that we will likely get the next few months of price rise. You can see a similar X in the middle of the chart and several months of price rise.
Price respecting the EMA 50 daily very well, as you can see. It has bounced off it nicely.
The recent bars above the average volume are mostly green, indicating to me heavy accumulation. You can see such heavy accumulation by Grayscale as well, where we see currently a premium of 1443%. This indicates to me large funds are buying Litecoin.
Shown on the chart is $224.12. Above this price likely will move super fast and be very volatile. So if I have to long, I have to long below that level. I have shown my Target Profit 1, 2 and 3 on the chart as derived by a combination of Fib and using zones.
Trade active:
is $2500 possible on $LTCUSD by Dec 18th 2021? #litecoin
Currently, my target is TP3 as shown on the chart . My litecoin spot final target is $2500 if possible
Currently, my target is TP3 as shown on the chart . My litecoin spot final target is $2500 if possible
For guides on how to use the Aladdin indicator or how to buy it, please check joy-bangla.gitbook.io/aladdin/
* target profit #1 $260.68 ( I will put stop loss in breakeven + some profit and raise target to next target)
* target profit #2 $305.5 (I will put stop loss below TP1 that is in profit and raise target to next target)
* target profit #3 $398.08 (I will take half off the market. Put rest as stop loss in profit below Target Profit below last #2 and increase my final target to $2500).
From TP2, I will also start thinking of adding into dip.