#LTCUSDT #1h (OKX Futures) Descending trendline breakout

Jun 13

Litecoin printed a dragonfly doji on 50MA support, looks bullish for the days to come.

⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Long)
Leverage: Isolated (9.0X)
Amount: 4.8%

Current Price:
78.97

Entry Targets:
1) 78.32

Take-Profit Targets:
1) 81.98

Stop Targets:
1) 76.49

Published By: @Zblaba

LTC LTCUSDT.P #Litecoin #PoW litecoin.org

Risk/Reward= 1:2.0
Expected Profit= +42.1%
Possible Loss= -21.0%
Estimated Gaintime= 2-3 days

Jun 15

Trade closed: stop reached

OKX Futures
LTCUSDT.P Stop Target Hit ⛔️
Loss: 21.0291% 📉

LTC bounced at first but got rejected on 200MA resistance then stop hunted us before recovering.
Still looks like it could make it to target now 50MA is regained, it was probably a too tight SL.