Hello! Price of LTC surprising me whole 2020, now it consolidate near 150-160 zone.
Breakout from this place can create rise of the price even higher. So far looking for the confirmation of the idea. Always consider using risk management for each trade, do not allow yourself to lose more than you can.
In the chart I'm comparing previous Decline and Accumulation zones, I found them very similar to each other.
Looking at triangles, you may find possible re-accumulation near trend-line, so it would be smart to at least keep in mind this zone for mid-term.
Best regards,
Artem Shevelev
Breakout from this place can create rise of the price even higher. So far looking for the confirmation of the idea. Always consider using risk management for each trade, do not allow yourself to lose more than you can.
In the chart I'm comparing previous Decline and Accumulation zones, I found them very similar to each other.
Looking at triangles, you may find possible re-accumulation near trend-line, so it would be smart to at least keep in mind this zone for mid-term.
Best regards,
Artem Shevelev
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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.