Bullish Case for LTCUSD (Weekly: Intermediate term)
Hello, traders!
This is just for entertainment purposes, and a hypothetical situation.
The chart assumes you buy in to LTC $1,000 at the current price.
Bulls could use the 61.8% retracement of the previous corrective wave as a target.
A little cross multiplying suggests that this 1000 investment would be equivalent to 1,275 at this 61.8% level.
Profit of ~ 275
Where would you set your target profits? Stop losses? Be well!
This is just for entertainment purposes, and a hypothetical situation.
The chart assumes you buy in to LTC $1,000 at the current price.
Bulls could use the 61.8% retracement of the previous corrective wave as a target.
A little cross multiplying suggests that this 1000 investment would be equivalent to 1,275 at this 61.8% level.
Profit of ~ 275
Where would you set your target profits? Stop losses? Be well!
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.