LTC/USD at decision point - Bounce to $130 of sell off to $50
Dear all,
Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart.
Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50.
This trade is driven by 3 main factors:
- LTC currently sitting at key support $95
- RSI is oversold
- RSI forming falling wedge
1st target is $130.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart.
Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50.
This trade is driven by 3 main factors:
- LTC currently sitting at key support $95
- RSI is oversold
- RSI forming falling wedge
1st target is $130.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Comment:
A visual identification of the Bear zone and Bull zone
Comment:
We need this 2 candles pattern to stay for a reversal
Comment:
We got a bullish engulfing, so far looking good
