$LTC/USDT 12h (Binance Futures) Ascending channel on midline
Updated
Litecoin is likely to resume bullish anytime soon after a last dip to 100EMA.
Current Price= 264.60
Buy Entry = 258.04 - 242.00
Take Profit= 308.14 | 373.53 | 498.97
Stop Loss= 220.98
Risk/Reward= 1:2 | 1:4.25 | 1:8.57
Expected Profit= +46.50% | +98.80% | +199.14%
Possible Loss= -23.24%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 1.5 months
Current Price= 264.60
Buy Entry = 258.04 - 242.00
Take Profit= 308.14 | 373.53 | 498.97
Stop Loss= 220.98
Risk/Reward= 1:2 | 1:4.25 | 1:8.57
Expected Profit= +46.50% | +98.80% | +199.14%
Possible Loss= -23.24%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 1.5 months
Trade active
All entries filledLitecoin dipped as expected and bounced nicely, what a great catch so far!
Trade closed: stop reached
SL hit with -23.24% (1x) and -1RLitecoin lost 50MA support after all, let's try to catch it lower then.
Trade closed: target reached
TP2 would have been reached with +98.80% (2x) Remember that failed call for Litecoin? Turned out it was not that bad after all, just too early 😜
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