LTC Daily Forecast - Long Entry at $70 - Targeting $100 Zone
Hi Traders,
I think its a good time to buy some LTC at a $30 discount from the major $100 psych level.
Reasons for long entry:
1. 38.2% fib re-tracement support
2. Major trend-line support from Jan/Feb 2019
3. double bottom off the daily RSI
4. Major 23.6 fib above (thick black) - a zone likely to get a re-test.
4. Bitcoin showing signs of weekly bull flag
Keep it simple,
Entry: $70
TP $100 area
Stop: $59
Best of luck, hit thumbs up.
I think its a good time to buy some LTC at a $30 discount from the major $100 psych level.
Reasons for long entry:
1. 38.2% fib re-tracement support
2. Major trend-line support from Jan/Feb 2019
3. double bottom off the daily RSI
4. Major 23.6 fib above (thick black) - a zone likely to get a re-test.
4. Bitcoin showing signs of weekly bull flag
Keep it simple,
Entry: $70
TP $100 area
Stop: $59
Best of luck, hit thumbs up.
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