Trading plan: LTCUSD (Litecoin)
Litecoin rate has grown drastically.
Priority of the day: neutral position on LTCUSD.
Analysis of the daily chart of Litecoin shows the presence of a bearish trend. Since we are working with the trend, we do not open any deals to buy Litecoin.
Today, we expect a slight correction of the quotation of Litecoin to $ 110.
Projected scenarios:
1. The LTCUSD rate will rise from $ 97 to $ 110.
2. The LTCUSD rate will remain in flat until the end of the day.
An alternative scenario:
A bearish trend is in force, so the quotation of Litecoin may fall to $ 85.
Priority of the day: neutral position on LTCUSD.
Analysis of the daily chart of Litecoin shows the presence of a bearish trend. Since we are working with the trend, we do not open any deals to buy Litecoin.
Today, we expect a slight correction of the quotation of Litecoin to $ 110.
Projected scenarios:
1. The LTCUSD rate will rise from $ 97 to $ 110.
2. The LTCUSD rate will remain in flat until the end of the day.
An alternative scenario:
A bearish trend is in force, so the quotation of Litecoin may fall to $ 85.
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.