$LTC/USDT 3h (Binance Futures) Descending channel on support
Litecoin seems to have ended the retracement down and looks ready for next move up.
Current Price= 70.30
Buy Entry= 70.70 - 69.30
Take Profit= 73.52 | 77.91 | 79.95
Stop Loss= 66.46
Risk/Reward= 1:1 | 1:2.25 | 1:2.81
Expected Profit= +10.12% | +22.76% | +28.42%
Possible Loss= -10.12%
Fib. Retracement= 0.236 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 180h
Current Price= 70.30
Buy Entry= 70.70 - 69.30
Take Profit= 73.52 | 77.91 | 79.95
Stop Loss= 66.46
Risk/Reward= 1:1 | 1:2.25 | 1:2.81
Expected Profit= +10.12% | +22.76% | +28.42%
Possible Loss= -10.12%
Fib. Retracement= 0.236 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 180h
Trade closed: target reached
TP1 reached with +10.12% (2x)Litecoin reacting as planned two days ago, that's very nice.
Took some profit here and hold remaining position for higher target!
Trade closed: target reached
TP3 reached with +28.42% (2x)Litecoin made it to all targets again (long this time) and even more, very nice profit!
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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.