Today's Trading Plan: LTCUSD (Litecoin)
Today, Litecoin is in correction together with Bitcoin.
Priority of the day: buying LTCUSD with a target of $168.
The Elliott Wave Oscillator shows a value below zero. The indicator histograms did not go deep into the red zone of sales. This means that the correction is not over.
Projected scenarios:
1. For buy LTCUSD positions we are interested in all prices in the shopping area: $153 - $143. It is better to wait for the reaction of Litecoin price near the level of $143, which is 0.618% Fibonacci retracement level.
2. In the case of strong pressure of sellers near the lower border of our by-pass zone, we will not buy LTCUSD today.
Alternative scenario:
Sales will only be considered tomorrow if the close price of Litecoin will be in the red zone today.
https://www.tradingview.com/x/Te3Bm4NT/
Priority of the day: buying LTCUSD with a target of $168.
The Elliott Wave Oscillator shows a value below zero. The indicator histograms did not go deep into the red zone of sales. This means that the correction is not over.
Projected scenarios:
1. For buy LTCUSD positions we are interested in all prices in the shopping area: $153 - $143. It is better to wait for the reaction of Litecoin price near the level of $143, which is 0.618% Fibonacci retracement level.
2. In the case of strong pressure of sellers near the lower border of our by-pass zone, we will not buy LTCUSD today.
Alternative scenario:
Sales will only be considered tomorrow if the close price of Litecoin will be in the red zone today.
https://www.tradingview.com/x/Te3Bm4NT/
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