TradingAxis

LTCUSD > A Good Place for Buy Trade!?

Long
COINBASE:LTCUSD   Litecoin / U.S. Dollar
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Analysis of #Link

Hello friends.

Lik also like ETHUSD , LINKUSDT , it is very well supported here, looking at the daily chart and notice how the buyers are not allowing the price to fall and close below the previous structure close, also it is fib 38 and fib 61 retracements, and trendline support

That to me indicates that LTCUSD and might trigger a rally here to test the highs again and maybe more.

If you want to trade this pair it is not yet provided any bullishness on the lower time frame and still, neither buyers nor sellers are in control,

If you want to invest in it I believe this a good level for a buy and hold

many of the major cryptos show the same chart pattern, if you decided you want to get in a trade, you probably should not trade them all and only pick one.


let me know in the comment what pair you want to see the analysis for in my next free analysis

Safe trading everyone

Check today analysis below⠀

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-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
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Comments

My target to get back in is around 155 or so. Fingers crossed!
+1 Reply
quality work here. keep it up
+1 Reply
TradingAxis MMBTtrader
@MMBTtrader, thank you so much mate
Reply
Great TA
Reply
TradingAxis amazing update here
Reply
Let's see how this structure will develop. Nice chart!

Reply
TradingAxis financialflagship
@financialflagship, good, thank you for sharing.
Reply
Good job !)
Reply
TradingAxis MoneyMakerTrade
@MoneyMakerTrade, glad you liked it mate
Reply
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