LitecoinShort
Trading plan: LTCUSD (Litecoin)
Litecoin rate smoothly goes down.
Priority of the day: sell LTCUSD with a target of $ 72.
Unfortunately, buyers do not support the Litecoin rate, so we will look for opportunities for selling it.
Reversal level for Litecoin is $ 100.
We plan to look for an entry point for the sale of Litecoin in the zone: $ 90 - $ 85.
Projected scenarios:
1. The rate of LTCUSD will drop from $ 78 to $ 72.
2. The rate of LTCUSD will be in flat.
Alternative scenario:
While it is too early to talk about the long-term purchase of Litecoin, we can only forecast a short-term bounce upwards. Therefore, a spare plan is the growth of the Litecoin rate to $ 90, and then to $ 100.
Priority of the day: sell LTCUSD with a target of $ 72.
Unfortunately, buyers do not support the Litecoin rate, so we will look for opportunities for selling it.
Reversal level for Litecoin is $ 100.
We plan to look for an entry point for the sale of Litecoin in the zone: $ 90 - $ 85.
Projected scenarios:
1. The rate of LTCUSD will drop from $ 78 to $ 72.
2. The rate of LTCUSD will be in flat.
Alternative scenario:
While it is too early to talk about the long-term purchase of Litecoin, we can only forecast a short-term bounce upwards. Therefore, a spare plan is the growth of the Litecoin rate to $ 90, and then to $ 100.
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.