Hawkeye-Charting

LTCUSD | Will halving get us through the resistance?

Long
COINBASE:LTCUSD   Litecoin
Good morning,

One month to go until Litecoin Halving.

Since the beginning of the year, we have been constantly moving between the daily EMA 200 (white) and the EMA 800 (purple).
At the time of this idea, we are back below the EMA 200 and all of our EMAs have flattened out.


With such news events, existing resistances and old liquidity zones can usually be worked off well.

I am therefore preparing for two scenarios.

Scenario 1 (blue)

We come in July again significantly above the EMA200 and our short EMAS, 5+13 pull along.
In this I would use 50% of the capital that I want to use for this idea.
The other 50% when breaking above the EMA800.

Scenario 2 (orange)

We get a stop hunt of our range.
Everything from $71.60 would be a top price and would lead to 50% accumulation.
The other 50% would come into play should we get back into the range after such a stop hunt.

Price Targets:
Around $110 and between $140 and $150.


📈 Möchtest du mit den Hawkeye-Indikatoren traden? 📈

👇 Gleich unseren Shop besuchen! 👇
www.hawkeye-charting.com/shop

Kostenlose Telegram Community:
t.me/traderpub_dach

Free Discord:
discord.gg/X5cuMJdQ
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.