moon333
Long

LTCUSD forming bullish Shark | A good long opportunity ahead

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Formation of new Shark pattern:
On short term hourly chart the price action of Litecoin is forming bullish harmonic Shark pattern and soon it will be entered in potential reversal zone.

Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:

Buy between: $41.14 to $40.69

Sell between: $41.66 to $42.70

Stop Loss:
The potential reversal zone area which is up to $40.69 can be used as stop loss in case of complete candle sticks closes below this level.

Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 4.93% and as per above mentioned stop loss, the loss possibility is 1.1%.

Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.

Comments

here is what I have on my watchlist for ltcusd from a MTA point of view
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premium info. thumbsup.
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