Litecoin / TetherUSHello dear traders,
I hope you have taken full advantage of the incredible opportunities in the market! This is an analysis of the cryptocurrency Litecoin that you see here. Litecoin is a currency with a strong background and exceptional profitability, and I see incredible opportunities specifically for this currency.
In the weekly chart, we had a bullish CHoCH, which is why we are looking for ideal buying opportunities, and we will enter temporary selling positions with technical confirmation at important levels, aiming for logical targets.
According to the TOTAL crypto analysis, we observed that cryptocurrencies are seeking correction, and Litecoin is no exception. This currency has shown us a downward channel for trading, which I have drawn. Of course, this channel needs to be regularly updated, and the buy and sell targets in the chart should also be clearly defined.
This is a long-term analysis aimed at achieving maximum profit from the market. I have analyzed the chart in a simple and clear manner for you and identified the buying and selling zones so that you can easily trade with this information and receive technical confirmation.
Ideal time to Sell with Confirmation: 122.48
Secret Order Block (Day): 66.79
Liquidity M: 61.92
Thank you for your support, dear friends!
Wishing you all the success!
Fereydoon Bahrami
A retail trader in the Wall Street trading Center (Forex)
Risk Disclosure:
Trading in the crypto market is risky due to high price changes. This analysis is just one person's opinion and shouldn't be taken as financial advice. Before investing, it's best to talk to a financial advisor and do your own research. You are responsible for any profits or losses from this analysis
