LTC 1D Levels for longs sales
Continuing our LTC ideas series.
In our first LTC idea, we wrote about an open active interest in the coin and that it is dangerous to short it.
Further, in the second idea, we successfully, together with strong buyers, bought out in long on time and rolled up to $60.
In the third idea, our expectations regarding the LTC cast fall were not fully met. Buyers stopped the fall at the intermediate level $51.49 and drove the price up, breaking and fixing above the level $61.
The level 61was the border of the 2-year trend line, but is it so?
Now the fight continues around the level $75. If buyers win, the price will go higher and the next levels for sales will be $84 and $98.5-100.
And theoretically, it will be somewhere there that a new trend line can be drawn. We have to follow.
Nevertheless, we consider it quite realistic that the price will return to the active accumulation zone around the level $46. It's the matter of time.
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In our first LTC idea, we wrote about an open active interest in the coin and that it is dangerous to short it.
Further, in the second idea, we successfully, together with strong buyers, bought out in long on time and rolled up to $60.
In the third idea, our expectations regarding the LTC cast fall were not fully met. Buyers stopped the fall at the intermediate level $51.49 and drove the price up, breaking and fixing above the level $61.
The level 61was the border of the 2-year trend line, but is it so?
Now the fight continues around the level $75. If buyers win, the price will go higher and the next levels for sales will be $84 and $98.5-100.
And theoretically, it will be somewhere there that a new trend line can be drawn. We have to follow.
Nevertheless, we consider it quite realistic that the price will return to the active accumulation zone around the level $46. It's the matter of time.
__________________________________
Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
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.