On the 
LTCUSD 3W chart, price has dropped into a wide demand zone between 68 and 50, an area that has provided strong support in the past. This drop aligns with the 78.6 Fibonacci retracement of the last bullish leg, suggesting that long term buyers might soon show interest. As long as price stays above 50, the structure remains favorable for a possible reversal. A strong bullish reaction from this zone, followed by confirmation on lower timeframes or a reclaim of the 68 level, could signal a move toward the 147 target. This setup offers a solid long term opportunity with a favorable risk to reward ratio.
Disclaimer: This content is for educational and informational purposes only. It does not represent financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and you should only trade with money you can afford to lose.
LTCUSD 3W chart, price has dropped into a wide demand zone between 68 and 50, an area that has provided strong support in the past. This drop aligns with the 78.6 Fibonacci retracement of the last bullish leg, suggesting that long term buyers might soon show interest. As long as price stays above 50, the structure remains favorable for a possible reversal. A strong bullish reaction from this zone, followed by confirmation on lower timeframes or a reclaim of the 68 level, could signal a move toward the 147 target. This setup offers a solid long term opportunity with a favorable risk to reward ratio.Disclaimer: This content is for educational and informational purposes only. It does not represent financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and you should only trade with money you can afford to lose.
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Trading involves substantial risk. Not financial advice
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.
Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
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.