LitecoinShort
LTCUSD
Hi There Fellow Traders
Welcome to my trading idea on LTC, As per my trading style I have noticed that LTC has been failing to get back up into the range of the ascending channel. Since the break-out, it looks like a descending triangle might be forming and can be confirmed with the next coming wave. If it does form the triangle, breaks out and confirms we should expect to visit the fib levels marked in purple on my chart. I am, however, overall bullish with LTC in the long term but for now, we will just have to wait and see where the fate of LTC lies within the next coming times.
Please Feel Free To Comment Down Below On Your Ideas Regarding This Idea.
HODL - Hold On For Dear Life
Welcome to my trading idea on LTC, As per my trading style I have noticed that LTC has been failing to get back up into the range of the ascending channel. Since the break-out, it looks like a descending triangle might be forming and can be confirmed with the next coming wave. If it does form the triangle, breaks out and confirms we should expect to visit the fib levels marked in purple on my chart. I am, however, overall bullish with LTC in the long term but for now, we will just have to wait and see where the fate of LTC lies within the next coming times.
Please Feel Free To Comment Down Below On Your Ideas Regarding This Idea.
HODL - Hold On For Dear Life
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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.
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.