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Feb 19, 2022 2:50 PM

Litecoin is at an ultimate support zone Long

Litecoin / United States DollarCoinbase

Description

Litecoin is at an ultimate support zone. Trading in between its Fibonacci SMA610 and Fibonacci SMA987. Here's levels on the 1-day chart:

52 week high = $413
52 week low = $99
7 day high = $132
7 day low = $113

SMA377 = $181
SMA610 = $141
SMA987 = $111

breakout = $164
R3 = $155
R2 = $146
R1 = $137
pivot = $128
S1 = $119
S2 = $110
S3 = $101
breakdown = $92

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/

Comment

I setup lower limit buy bracket orders incase there's a lucky wick down. Also alert notifications.

Comment

LTC/USD made a bull pennant but be careful long with alerts and stop loss just incase of a rug pull.
Comments
LitecoinFamily
Yes…yes….metaverse
Options360
JustTyrex
litecoin is not good product better buy vulcan forged or VRA or NAKA long time we spoke my friend. Focus on the metaversecrypto it will make millionaires
Options360
@JustTyrex, Thanks for dropping a line and sharing your opinion. I appreciate it. I'm thinking the US crypto regulation framework may very well give precedent to the old school cryptocurrencies like BTC, ETH, LTC & BCH. With other securities rules for the newer crypto tickers. I guess we'll know once the framework is publicly released. Until then it's mere speculation. Goodluck my friend.
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