LTC / USD — Price work in channel. Stable Profits
Hello!
Current price of Litecoin predicted many times, and while it stays in channel it gives easy profits.
Looking at price breakouts from different resistances of Flags/Triangles/Wedges we notice +21%/+19%/+18% move from breakout to resistance of the channel.
Given current conditions we are likely will go to resistance to $56 zone and see about +17% profits from current price.
SL zone is located below support of channel, so calculate your position size accordingly!
Thanks for reading, send Thumbs Up to this post 👍👍👍
Current price of Litecoin predicted many times, and while it stays in channel it gives easy profits.
Looking at price breakouts from different resistances of Flags/Triangles/Wedges we notice +21%/+19%/+18% move from breakout to resistance of the channel.
Given current conditions we are likely will go to resistance to $56 zone and see about +17% profits from current price.
SL zone is located below support of channel, so calculate your position size accordingly!
Thanks for reading, send Thumbs Up to this post 👍👍👍
Trade closed: stop reached
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