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TheTradersAvenue
Nov 29, 2020 5:53 PM

LTCUSD > Minimalist Setup for Possible 20-205% Roi!! Long

Litecoin / United States DollarCoinbase

Description

Analysis of #LTCUSD

Hello friends,

here we have a confirmed double bottom with a clear break of the neckline and I can see we have not yet come to any resistance level near the area of 86.

this setup actually is similar to one on XRPUSDT, which i took before the weekend and played very well on Friday,

the plan is to close my trade on XRPUSDT wait for a retracement here and buy into this as it did not rally as much as the rest of the group and there is a chance here for 20%-25%


I hope this idea earns your likes and comments, that will really support me to keep providing you valuable analysis

Really appreciate your support and feedback
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
Comments
Miidoo
is it too late to buy in now when its up so much? or should i wait for a dip
InkyGrip
nice chart! thanks my friend 🦐
TheTradersAvenue
@plancton0618, my pleasure and thanks for the comment🙏
LitecoinGuy
Selling at 1k
trdejan88
@LitecoinGuy, whats your expectations about 1K day, when?
LitecoinGuy
@tradejan666, hard to say, depends on bitcoin. If bitcoin doesn't take it to 1k I think the halving will in 2023.
TheTradersAvenue
@LitecoinGuy, I think the momentum is behind LTC it could go higher I am long I w ill continue to be long, but sure there is a ton of money for shorts but not for me
TheTradersAvenue
📌 there is more upside for LTC?, are you buying here, tell me in the comment, please!
g2entgroup
@TradingAxis, buying here
TheTradersAvenue
@g2entgroup, I do have multiple longs and sure if the chance comes I will add more, I don't think I need to add anything at those levels no setup for me
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