LTCUSDT SPOT BUY ZONE

LTCUSDT SPOT BUY ZONE

To enter a spot trade, you must first confirm that the uptrend will continue and identify which cycle’s peak this uptrend corresponds to. This helps you decide the appropriate profit-taking point.

• Is the uptrend still intact?
  
• Which cycle will form the peak of this uptrend—weekly (W), monthly (M), 3-month (3M), or daily (D1)? This is crucial for accurately identifying the peak and taking profits. If you buy aiming for a monthly peak but the price peaks on D1, it’s beneficial as it provides a new buying opportunity rather than forcing you to sell. Knowing which peak you’re following also helps you plan your capital allocation. Following a monthly peak but expecting immediate profits within a day or week is unlikely without significant luck.
  
• You need a specific price range to decide on buying (this is your desired entry price).
  
• You need a timing mechanism to combine with the buy price to ensure the price takes off immediately after your purchase (successful bottom identification).
  

For LTC, we will:

• Wait to buy in the $73 range.
  
• Wait for a “has bottom” signal on the weekly timeframe.