Litecoin: consolidation in mid-term?
Updated
Hi Traders!
From a technical point of view,
LTC could be very interesting for Day Traders who like to accumulate positions, in fact this is our strategy on this Crypto. Targets on daily time frames are very clear and simple: 102 (Target 1) and 130 (Target 2).
The Trend on this Time frame is still bearish, and if the support around 56 area fails, a new bottom is possible before a price recovery, but if this happens it will be an interesting opportunity to add long positions.
Trade with care
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From a technical point of view,
LTC could be very interesting for Day Traders who like to accumulate positions, in fact this is our strategy on this Crypto. Targets on daily time frames are very clear and simple: 102 (Target 1) and 130 (Target 2). The Trend on this Time frame is still bearish, and if the support around 56 area fails, a new bottom is possible before a price recovery, but if this happens it will be an interesting opportunity to add long positions.
Trade with care
Like | Share | Comment
Note
🔴 Bullish swingNote
Note
Note
🔴 A bullish Harmonic Structure is possible.Note
🔴 still bullish...Note
Trade closed: target reached
🚀 Target 1 hit!Note
📊 New update in chart below:
Note
🔴 At the moment the trend is still slightly bullish.
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