💡Don't miss the great buy opportunity in LTCUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (173.10).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 188.91
TP2= @ 208.91
TP3= @ 232.29
TP4= @ 247.44
TP5= @ 263.57
SL= Break below S2
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Ltcusdtbuy
LTCUSD possible upperside breakout was expected in h4 LTCUSD
After reaching around 250.00 LTCUSD has started to falling and reached around 200.00 which is a major psychological level and this level
also coincides with .618 Fibonacci which will act as dynamic support and resistance for both bull and bear.In Elliot wave principal we can see
Wave D was already completed and the Wave E is underway. We can expect another round of Elliot impulse wave after the completion of Wave E'
Irregular triangle pattern was forming since the end of January.Upper side breakout will be a possible outcome
Currently the price is well below the .618 Fibonacci if the price remain this Fibonacci then it might reach around .50 Fibonacci level which is around 182.00 and
this level will act as medium term support for the bull. And 50,100,200 EMA was acting as resistance for the bull in 4 hour time frame. 0.50 Fibonacci will inclined with the
lower side of the trend line which will be a good entry point for the bull. Ichimoku cloud has turned red which is a sign of medium term bearish trend
Trade call
Buy limit @ 183.00
Take profit @ 280.00
Stop lose @ 149.00
DROP and RISING cycle in LTCUSDLTCUSD
The cryptocurrencies have the tendency to repeat its cycle and i am expecting that the sudden drop after the accumulation happens regularly and after the sudden fall we can see a gradual rising and ultimately went above the previous high level
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