Litecoin on All Time Low (ATL) support and finally showing some reversal signs for mid/long-term.
That old PoW coin (since 2011) is also available on BSC, more information on litecoin.org
Current Price= 0.003115
Buy Entry= 0.003102 - 0.002600
Take Profit= 0.004593 | 0.006362 | 0.010745
Stop Loss= 0.002153
Risk/Reward= 1:2.5 | 1:5.03 | 1:11.31
Expected Profit= +61.10% | +101.68% | +169.61%
Possible Loss= -24.48%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1 year
That old PoW coin (since 2011) is also available on BSC, more information on litecoin.org
Current Price= 0.003115
Buy Entry= 0.003102 - 0.002600
Take Profit= 0.004593 | 0.006362 | 0.010745
Stop Loss= 0.002153
Risk/Reward= 1:2.5 | 1:5.03 | 1:11.31
Expected Profit= +61.10% | +101.68% | +169.61%
Possible Loss= -24.48%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1 year
Trade active
First entry filledLitecoin bounced very nicely today, bringing up to +34.87% and this is only the beginning.
Although, since it's facing 50MA resistance, could be wise to take some partial profit here!
Note
TP1 missed by 168 sats with up to +45.27%Litecoin retraced down to good old demand zone again, I hope you took the advice to partially TP up there.
Now seems to be a good time to buy back or build a bigger position, this was only a preview of what it's capable of!
Trade closed: stop reached
SL was hit with -24.48% and -1RLitecoin lost demand zone and stop hunted us while printing a new All Time Low.
That's sad but it's far from dead, let's keep an eye on that new formed falling wedge!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.