Litecoin (LTC) formed big Cypher for upto 212% bullish move
Updated
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On the 2-week time frame chart, the price action has formed a big Cypher pattern. There is also 25 and 50 simple moving averages supports in the buying zone.
Buy and sell targets:
Buy between: $144.48 to $91.49
Sell between: $186.18 to $286.33
Stop loss:
The maximum extent of the potential reversal zone $91.49 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 212%, and the loss possibility is 37%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the 2-week time frame chart, the price action has formed a big Cypher pattern. There is also 25 and 50 simple moving averages supports in the buying zone.
Buy and sell targets:
Buy between: $144.48 to $91.49
Sell between: $186.18 to $286.33
Stop loss:
The maximum extent of the potential reversal zone $91.49 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 212%, and the loss possibility is 37%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Trade closed: target reached
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