$LTC/USD 12h (Binance Coin-Futures)Ascending trendline breakdown
Litecoin broke-down bearish locally and is likely to go for a LL (Lower Low) before resuming bullish.
RR= 1:3
P= +65.56%
L= -21.88%
Entry Targets:
1) 141.73
Take-Profit Targets:
1) 112.02
2) 95.27
Stop Targets:
1) 157.24
RR= 1:3
P= +65.56%
L= -21.88%
Entry Targets:
1) 141.73
Take-Profit Targets:
1) 112.02
2) 95.27
Stop Targets:
1) 157.24
Trade closed: target reached
TP1 reached with +41.92% (2x) and +1.92RLitecoin has dipped very nicely, let's secure the trade taking some profit here!
Trade closed: stop reached
Remaining position hit SL with -21.88% (2x) and -1RLitecoin produced up to +54.88% (2x) profit then reversed and broke-out bullish.
Recently rejected on 200MA (purple) resistance, revisiting entry around 50MA (grey) is in play!
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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.