📩 Pair: LTCUSDT
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X
📊 Entry 1: 65.00✅
📊 Entry 2 (DCA): 60.00
✅ Target 1: 68.00
✅ Target 2: 75.00
✅ Target 3: 88.00
⛔️ Stop Loss: 56.00
LTC is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon. If #LTCUSDT faces resistance at the upper trend line of the wedge, we could see a retest of the bullish zone around $60.00, which has been a stronghold of support, rich with liquidity, and a key area for potential buy orders.
Entry Strategy:
- First entry at $65.00
- If the price drops, make an additional entry (DCA) at $60.00 to lower the average cost of the investment.
However, if Litecoin doesn't bounce back from $60.00, the focus shifts to the next crucial support at the lower demand zone of $56.00. The likelihood of a strong rebound here is quite high, making this a critical level to watch. On the flip side, if LTC continues to slide, the bears might gain control, leading to a bearish continuation, marking a significant shift in market sentiment.
"Manage your risk – never trade with more than 1% of your capital on a single transaction."
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X
📊 Entry 1: 65.00✅
📊 Entry 2 (DCA): 60.00
✅ Target 1: 68.00
✅ Target 2: 75.00
✅ Target 3: 88.00
⛔️ Stop Loss: 56.00
LTC is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon. If #LTCUSDT faces resistance at the upper trend line of the wedge, we could see a retest of the bullish zone around $60.00, which has been a stronghold of support, rich with liquidity, and a key area for potential buy orders.
Entry Strategy:
- First entry at $65.00
- If the price drops, make an additional entry (DCA) at $60.00 to lower the average cost of the investment.
However, if Litecoin doesn't bounce back from $60.00, the focus shifts to the next crucial support at the lower demand zone of $56.00. The likelihood of a strong rebound here is quite high, making this a critical level to watch. On the flip side, if LTC continues to slide, the bears might gain control, leading to a bearish continuation, marking a significant shift in market sentiment.
"Manage your risk – never trade with more than 1% of your capital on a single transaction."
Trade active
📊 Entry 1: 65.00✅
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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.
🔔 For more updates, join us ⤵️⤵️⤵️⤵️
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.