LTC is cruising towards the Golden Pocket of Fibonacci Extension taken from May 10th 2021.
0.618 Fib level is also the Weak Support that has been tested a few times since December 21st 2020.
If retest or bounce off of the Golden Pocket works out, I expect LTC to reach Resistance channel on the 3D timeframe. After which I will set new targets.
Long Target #1 = range 129.4 to 141.6
This trade might take a week or a month to confirm, set alerts on S/R or Fibonacci levels.
When in trade I keep to a strict Risk Management plan and keep an eye on BTC. And proactively use trailing-stop, to lock in profits.
This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice.
Happy Trades!
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