VaidoVeek

LITECOIN (LTC/USD) - Technically Good Entry Areas!

BITTREX:LTCUSDT   Litecoin / Tether
Around $73, criteria:
1. Strong historical support area (orange line)
2. Ascending channel projection
3. Fibonacci momentum retracement ratio 38%

Around $50, criteria:
1. Old strong price level worked as a support and as a resistance
2. The round number $50
3. Fibonacci golden ratio 62%
4. Trendline

Last time we managed to discover that technically a good bounce area pretty nicely, hopefully, we see some actions in those levels as well!

"Learning to accept the risk is a trading skill – the most important skill you can learn. When
you learn the trading skill of risk acceptance, the market will not be able to generate
information that you define or interpret as painful."
– Mark Douglas


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Previous analysis:


Have a nice day,
Cheers!

*This information is mostly used for educational purposes only!
99% of BITCOIN traders have NO Trading Education or experience or Forex True knowledge
They Trade on their new swanky Samsung galaxy phones and think they do not need professional charts or education
They have seen Bitcoin go from strength to to strength and are oblivious due to lack of Bitcoin historical data and trading experience
Many many have bought @15k plus and are waiting for the bounce to save themselves
With the majority of Bitcoin trader have only ever traded sweets and lollies in the school ground in the past
But ask a Bitcoin traders he is , KING < GURU LORD MASTER PRO he is neither or None
This trader has No Idea
Bitcoin traders have NO respect for any opinion barr their own and truly think that they will foolishly see +100k as many post here
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