$LTC/USDT 2h (Binance Futures) Trendline breakout and retest
Litecoin looks ready for a leg up after that clear pull-back retest!
Current Price= 173.15
Buy Entry= 173.32 - 170.48
Take Profit= 183.91 | 205.99 | 223.23
Stop Loss= 162.26
Risk/Reward= 1:1.25 | 1:3.54 | 1:5.32
Expected Profit= +20.97% | +59.49% | +89.58%
Possible Loss= -16.83%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 1 week
Current Price= 173.15
Buy Entry= 173.32 - 170.48
Take Profit= 183.91 | 205.99 | 223.23
Stop Loss= 162.26
Risk/Reward= 1:1.25 | 1:3.54 | 1:5.32
Expected Profit= +20.97% | +59.49% | +89.58%
Possible Loss= -16.83%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 1 week
Trade closed: target reached
TP1 reached with +20.97% and 3.54RLitecoin made it to first target almost instantly, now consolidating before next move (up hopefully)!
Trade closed: target reached
TP2 reached with +59.49% (3x) and +3.54RAfter going back to entry zone, Litecoin went for second target, time to take some decent profit and move SL at 1st entry.
Trade closed: target reached
TP3 hit with +89.58% (3x) and +5.32RThat's a wrap for Litecoin, all targets reached with great profit, enjoy! 🎯
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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.