Today's Trading Plan: LTCUSD (Litecoin)
Litecoin closed in the red zone yesterday. One day of falling of LTC has disrupted two days of growth. This is called "Absorption". Litecoin looks the most dangerous for our purchases today.
Priority of the day: buying LTCUSD with a target of $ 153.
The Elliott Wave Oscillator shows a value below zero. The beginning of the correction may be the beginning of the turn down of Litecoin’s course after such a sharp "Absorption".
Projected scenarios:
1. Purchase of Litecoin is still workable from the area for purchases: $ 143 - $ 140 with a target of $ 153. We will wait for confirmation of the presence of buyers above this zone and will enter the market on Buy LTCUSD.
2. If sellers succeed in dropping the LTCUSD rate below $ 140 today, then we will expect sales tomorrow below $ 138.
Alternative scenario:
The flat may interfere with our plan to buy Litecoin. Usually, after such strong impulse movements, LTCUSD consolidates either in the wide flat or in the figure "Triangle".
We are going to look for sales of Litecoin only below $ 138.Sales of Litecoin will be searched only below $ 138.
https://www.tradingview.com/x/ir7iNacF/
Priority of the day: buying LTCUSD with a target of $ 153.
The Elliott Wave Oscillator shows a value below zero. The beginning of the correction may be the beginning of the turn down of Litecoin’s course after such a sharp "Absorption".
Projected scenarios:
1. Purchase of Litecoin is still workable from the area for purchases: $ 143 - $ 140 with a target of $ 153. We will wait for confirmation of the presence of buyers above this zone and will enter the market on Buy LTCUSD.
2. If sellers succeed in dropping the LTCUSD rate below $ 140 today, then we will expect sales tomorrow below $ 138.
Alternative scenario:
The flat may interfere with our plan to buy Litecoin. Usually, after such strong impulse movements, LTCUSD consolidates either in the wide flat or in the figure "Triangle".
We are going to look for sales of Litecoin only below $ 138.Sales of Litecoin will be searched only below $ 138.
https://www.tradingview.com/x/ir7iNacF/
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