LTCUSD Price Analysis and Potential Long Entry
Updated
Hello Everyone!
Striving everyday to get more accurate and profitable trades. Here is another idea for
LTCUSD:
I'm currently watching for a dead-cat bounce onLTCUSD, a long signal for me would be when price moves back into the 200 containment zone and a CCI crossing up alert on the 20 period. Once that occurs I would expect price to move to $34.46 before rejection. I see this as a 12:1 R/R should this play out.
Striving everyday to get more accurate and profitable trades. Here is another idea for
LTCUSD:I'm currently watching for a dead-cat bounce on
LTCUSD, a long signal for me would be when price moves back into the 200 containment zone and a CCI crossing up alert on the 20 period. Once that occurs I would expect price to move to $34.46 before rejection. I see this as a 12:1 R/R should this play out.Note
A quick daily update on this pair, I'm expecting a move up on BTC (which LTC tends to follow). Confirmation that LTC/USD will move up with BTC would be if price can break and hold around $25.20:Trade closed: target reached
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.