LTC Long term play
LTC is cruising towards the Golden Pocket of Fibonacci Extension taken from May 10th 2021.
0.618 Fib level is also the Weak Support that has been tested a few times since December 21st 2020.
If retest or bounce off of the Golden Pocket works out, I expect LTC to reach Resistance channel on the 3D timeframe. After which I will set new targets.
Long Target #1 = range 129.4 to 141.6
This trade might take a week or a month to confirm, set alerts on S/R or Fibonacci levels.
When in trade I keep to a strict Risk Management plan and keep an eye on BTC. And proactively use trailing-stop, to lock in profits.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
LTCUSDTPERPLTCUSD
LTCPERP
LTCUSDT
LTCUSD
0.618 Fib level is also the Weak Support that has been tested a few times since December 21st 2020.
If retest or bounce off of the Golden Pocket works out, I expect LTC to reach Resistance channel on the 3D timeframe. After which I will set new targets.
Long Target #1 = range 129.4 to 141.6
This trade might take a week or a month to confirm, set alerts on S/R or Fibonacci levels.
When in trade I keep to a strict Risk Management plan and keep an eye on BTC. And proactively use trailing-stop, to lock in profits.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
LTCUSDTPERPLTCUSDLTCPERPLTCUSDTLTCUSD
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