LTCUSDT H8: PT BEAR 120 USD: 35% gains best level TO SHORT/HOLD IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. previously recommended buying low.
🔸 Summary and potential trade setup ::: LTCUSD H8 chart review ::: correction MODE ON right now ::: strong resistance overhead ::: 35% downside still remains ::: BEARS look to SHORT rips/rallies ::: near 120 USD BEST reload BULLS ::: focus on buying pullback/dips ::: 40%/50% gains on BUY SIDE later ::: might take some time to get there ::: BEAR/BULL sequence 35% gains/50% gains ::: bulls buy low later near 120 USD ::: BUY/HOLD setup TP +40%/+50% ::: nice setup for positions traders ::: up to 50% gains possible later ::: SPECULATIVE SETUP ::: do your own due dill ::: and use proper risk management ::: TP bulls is +50% gains ::: details: see chart ::: FINAL TP is 180 USD ::: TP BULLS +50% gains ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: BEARS/CORRECTION
RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Yeah, I think LTC can head down to the bottom of the large ascending broadening pattern (been in this pattern since October 2020. That puts it around $130. Could wick lower, obviously. However, I think for those shorting, it's important to recognize the bullish setup here as well, just in case. LTC does not yet look particularly bearish. It's holding the 4h 200 MA for a second time (blue on my chart) and also holding a pretty significant trendline (orange). As long as it holds the 4h 200 MA and keeps making higher lows, it should be able to crack $250 in the coming weeks. -Victor Cobra
Helical_Trades
â‹…
Logical Idea,
Thanks for sharing
TopTradingSignals
â‹…
i am locally bearish too!
mpow
â‹…
I love your TA, but sometimes need to look at fundamentals, these two would make you unstoppable.
1BigPapi
â‹…
what's driving your 120 forecast? Seems aggressive as long as LTC>BTC pair remains more bullish relative to BTC movements.
ProjectSyndicate
â‹…
@misterbumble, no it's not aggressive. look at ETHUSD monthly candle.
Apheff
â‹…
should i buy at 119?
ccirone2
â‹…
h
CryptoCloudHunter
â‹…
looking for a head and shoulders to form?
ProjectSyndicate
â‹…
BTCUSD D1: JUST BUY/HOLD: AN OVERVIEW OF RECENT CORRECTIONS
-Victor Cobra