LTCUSD - Reached exactly my target! Next steps ahead?!
Updated
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Hello traders investors and community. This is an update analysis on my recent SHORT analysis about LTCUSD.
As you can see in the chart it reached exactly my SHORT target at 97.602, there is also a second target at 83.270 which we will reach the next time!
However i think we will have a reversal to the upside from that point, first confirming the EMAs (50 and 100) and then go ahead.
_______________________________________________________________________________________________________________________________________
Everybody who watched my SHORT analysis on LTCUSD should be happy now.
I will cut off my SHORT and take profit at the second target (83.270), also i will open up a LONG position at that level.
Target will be the blue trend-line you see in my chart.
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Also we have an great signal confirming in the RSI, it is oversold and forming an bullish divergence!
Great to see also this factor playing into the successful analysis and for an good LONG entry.
_______________________________________________________________________________________________________________________________________
Okay hopefully you enjoyed this analysis, give some support and i will probably upload an LONG term analysis on LTCUSD! So see you soon!
This is only educational and should not used to take action in markets!
May all happiness and luck come to you friends!
_______________________________________________________________________________________________________________________________________
Hello traders investors and community. This is an update analysis on my recent SHORT analysis about LTCUSD.
As you can see in the chart it reached exactly my SHORT target at 97.602, there is also a second target at 83.270 which we will reach the next time!
However i think we will have a reversal to the upside from that point, first confirming the EMAs (50 and 100) and then go ahead.
_______________________________________________________________________________________________________________________________________
Everybody who watched my SHORT analysis on LTCUSD should be happy now.
I will cut off my SHORT and take profit at the second target (83.270), also i will open up a LONG position at that level.
Target will be the blue trend-line you see in my chart.
_______________________________________________________________________________________________________________________________________
Also we have an great signal confirming in the RSI, it is oversold and forming an bullish divergence!
Great to see also this factor playing into the successful analysis and for an good LONG entry.
_______________________________________________________________________________________________________________________________________
Okay hopefully you enjoyed this analysis, give some support and i will probably upload an LONG term analysis on LTCUSD! So see you soon!
This is only educational and should not used to take action in markets!
May all happiness and luck come to you friends!
_______________________________________________________________________________________________________________________________________
Comment
Also we have good support in this area formed in the wave count beforeTrade active
Comment
We hit the 50 EMA and confirming supportComment
LTCUSD consolidating between psychological price level 100 and 97.5Comment
We can get a correction to price level 92-93 before moving higherComment
Comment
LTCUSD correction will be over soon, bounced off supportComment
Comment
Consolidating in the rangeComment
LTCUSD touching resistance and trading in this area.Comment
Comment
LTCUSD is in a triangle formation with support between 83.5 - 87.8 Also it touched the 23.6 fibo level
Comment
LTCUSD formed a bullish hammer on the 4-hour chart and trading above support I am expecting a break-out to the upside the next days
Comment
Broke out of triangle with good momentumComment
Expecting a move to 120Comment
Thanks for everybody who supports my work! You are the best!Comment
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