I think it is self-explanatory: We basically have 3 major buy and sell targets with huge potentials and 2 gigantic gaps to the upside that can be exploited for gains.
It basically doesn't matter if it drops to the bottom again or keeps shooting up, just make sure to play it long-term (months) and set your stop-losses reasonably.
If you ask me, from all the OG...
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%
Last time we managed to discover that technically a good bounce...
Buy between 85.85/$70
Risk ( Average 10%)
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Below this Update you will find all Analysis for LTC also Signals
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according to my analysis ltc/usdt will go down because it is retesting trendline break , making double top with divergence or M pattern just wait for a good bearish candle and take a short position or exit from a long position.
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The higher area consists of:
- Fibonacci retracement 38%
- Strong area, only strong candles have managed to crack this level.
- The semi-round number $70
This level should hold us if the BTC price doesn't drop below $4,800
The lower and the better entry point would be around the $50
- Perfect Fibonacci retracement 62%
- Fibo retracement matches exactly with...