LTCUSD 8hours: BULLISH ABCD 25% gains mid-term(NEW)

COINBASE:LTCUSD   Litecoin / U.S. Dollar
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LTCUSD 8hours: BULLISH ABCD 25% gains mid-term(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
TAGGED as SHORT because I expect more downside
short-term before reversal (bulls).

So to preemt some questions, why did I flip to BUY
recommendation for mid-term? Primary reason:
we got fresh liquidity in BTCUSD near 8400 USD.
so there will be at least one final RALLY/PUMP
before bears can take over later.
therefore mid-term I recommend BUY setups only.

🔸 Summary and potential trade setup
::: LTCUSD 8hour chart review
::: speculative BULLISH ABCD setup
::: decent upside 25-30% gains from LOWS
::: drifting lower on auto-pilot right now
::: HOWEVER still fresh liquidity
::: near 38/40 USD is enough for BULLISH
::: reaction mid-term. therefore look to BUY LOW
::: recommended strategy: BUY LOW 38/40 USD
::: SL 34 USD
::: TP1 bulls +25% gains TP2 bulls +30% gains
::: 25%/30% gains in this BUY/HOLD setup
::: let's focus on short-term only for now
::: big picture still not clear
::: good luck traders
🔸 Supply/Demand Zones
::: fresh demand 38/40 USD
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLISH
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Nice analysis, thanks for sharing!
ProjectSyndicate Antonio_trader
@Antonio_trader, appreciate it!
nice harmonic!
@Guapeva, perfect. let's see what we get
Excellent analysis.
so we are on our way to checkpoint D and after D we get a pump ? love you technical analysis btw !
@calwibowo, appreciate it. yeah. on the way to D / PRZ.
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