jalapablo

Litecoin: Potential Wyckoff Distribution Range

Short
jalapablo Premium Updated   
COINBASE:LTCUSD   Litecoin / U.S. Dollar
Here's a schematic I drew out replete with some volume spread reads which seem to indicate LTC may be fixing to distribute. If we rally above TRR we must take caution to ensure we are not buying into a liquidity grab before the LPSY dump. If you chose to swing this, the lower retracement levels are ideal profit-taking/selling opportunities; for longer-term hodlers they can serve as reliable DCA junctures.

Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with exceptionally high win ratios (80-85% average). I've been a fulltime crypto trader/investor since 2017, and I handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons.

Not financial advice. Always DYOR & trade at your own risk.
Trade closed: target reached:
1.272% Fibonacci wicked and then Liquidity Trap mitigated. Right on the money like clockwork. Good job!

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