Hello everyone!
LTC as we all know is one that mostly shows surprises when the market is calm, just like today when the market is bumpy and some alts are gaining heavily, LTCUSD remains steady.
Wave theory and Fibonacci applied on the chart demonstrate that Litecion might drop lower, although there is a support which is holding it from doing so and there is a possible diamond pattern, I suggest to short when the dynamic support is broken and long only above the 158.
LTC as we all know is one that mostly shows surprises when the market is calm, just like today when the market is bumpy and some alts are gaining heavily, LTCUSD remains steady.
Wave theory and Fibonacci applied on the chart demonstrate that Litecion might drop lower, although there is a support which is holding it from doing so and there is a possible diamond pattern, I suggest to short when the dynamic support is broken and long only above the 158.
Trade closed: target reached
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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.
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.