LTC: Target and strategies.

Hello traders and hodlers! Let’s see what’s happening on LTC today! Yes, it is doing a phenomenal movement, but what to expect next?

Well, LTC is in a bull trend, at least on the mid-term. Is doing ascending tops and bottoms, and when it does a pullback, the volume decreases (black arrows). This is a good indicator that the trend is bullish.

But, if you have some LTC with you, just keep an eye on the purple line at $ 65.31. If you are anxious about the trade, just book your profits if it loses this line (or you may book half of your position as well), and wait for a better opportunity, after a pullback.

A pullback to the 21 ema would be ok, and the trend will remain bullish. The red area is a support zone as well, but it is unlikely that it is going to be hit again, in the mid-term.

Either way, pullbacks are just opportunities to buy (or buy more/again), and our target now is the “target zone” near $ 80.98.

The volume increased a lot recently, and there’s no reason to worry or to believe there will be a reversal soon. Please, support this idea if it helped you! I'm sure you found it interesting, otherwise you wouldn't still be here, right? And follow me for more analyses like this one!

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