LTC / USDT
LTC printed whats like a bullflag
Incase of breakout and holding above upper resistance line its easy for bulls to push price higher
Current market state can help too
So Keep your eye on it
Best regards 🙏
Took a trade at demand zone with entry
And kept my sl below previous swing
After first retracement from resistance zone
Drawn the yellow zone as golden zone on fib with (0.5-0.6) levls and trailed my sl
Waiting and holding with patience
Earned good risk to Reward of (1:6.78)
Like all the crypto market, Litecoin also corrected hard, dropping around 75% from top to bottom.
100 is strong support for this crypto and we can have a double bottom in place.
At this point, LtcUsd is trading just under 150 neck-line resistance and a new wave of optimism could lead to a break.
The measured target is 200
LTCUSD POSSIBLE SHORT ENTRY NOW!!!! - Read title and look at photo. IM IN A RUSH SO I CANT GO INTO DETAILS BUT THIS IS JUST AN IDEA AND NOT FINANCIAL ADVISE NOR IS THIS GUARANTEED, DO YOUR OWN RESEARCH!
Like a lot of coins, also Litecoin is pressing in an important support
This support is too obvoius for me to believe in it and I expect a breakdown
80usd zone can be the target for bears and only from there I expect a genuine rally
Double bottom formation, wait for a bullish pressure for your next trading opportunity.
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This is just an idea, not financial advice.
Price formed a clear triangle. I'll open a long position only in case when the price will make squeezing, breakout, and retest. Set an alert and wait for realization.
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Also Litecoin recovered after the deep selloff in the crypto market and after a low of 120 is trading now at 180.
In my opinion, a new leg up is in cards for this coin and dips towards 150 should be bought.
130 is now support and must remain intact for this scenario to be valid