$LTC/USDT 12h (Binance Futures) Ascending channel on midline

Litecoin is likely to resume bullish anytime soon after a last dip to 100EMA.

Current Price= 264.60
Buy Entry = 258.04 - 242.00
Take Profit= 308.14 | 373.53 | 498.97
Stop Loss= 220.98

Risk/Reward= 1:2 | 1:4.25 | 1:8.57
Expected Profit= +46.50% | +98.80% | +199.14%
Possible Loss= -23.24%

Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 1.5 months

Trade active:

All entries filled

Litecoin dipped as expected and bounced nicely, what a great catch so far!

Trade closed: stop reached:

SL hit with -23.24% (1x) and -1R

Litecoin lost 50MA support after all, let's try to catch it lower then.

Trade closed: target reached:

TP2 would have been reached with +98.80% (2x)

Remember that failed call for Litecoin? Turned out it was not that bad after all, just too early 😜