Long

💡Don't miss the great buy opportunity in LTCUSD

Updated

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (103.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. LTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65

Take Profits:
TP1= @ 109.1
TP2= @ 114.7
TP3= @ 121.8
TP4= @ 131.0
TP5= @ 142.9

SL= Break below S2

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Trade closed: target reached

83.73% profit...
Total Profit: 83.73%
Closed trade(s): 63.88% Profit
Open trade(s): 19.85% Profit

Update Details:

Closed Profit:
TP1 @ 109.1 touched at 03.16.2022 with 6.20% Profit.
TP2 @ 114.7 touched at 03.19.2022 with 11.77% Profit.
TP3 @ 121.8 touched at 03.22.2022 with 18.47% Profit.
TP4 @ 131.0 touched at 03.28.2022 with 27.44% Profit.

6.20% + 11.77% + 18.47% + 27.44% = 63.88%

Open Profit:
Profit for one trade is 122.9 (current price) - 102.5 (open price) = 19.85%
1 trade(s) still open, therefore total profit for open trade(s) is 19.85% x 1 = 19.85%
All SLs moved to Break-even point.

Take Profit:

TP5= @ 142.9

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💡Don't miss the great buy opportunity in LTCUSD

by ForecastCity

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