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LTCUSD near term possibilities

Long
COINBASE:LTCUSD   Litecoin
Look at the chart area that is highlighted in triangle...as well as the ABCDE wave when dropping. I cannot help but wonder if it will follow the same foot steps when the price is recovering.
I would open a long position around $47.50-$48.00 to ride it up. This price level is above Fibonacci Retracement of .786.
Comment:
Take some profit...

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