Hi dear traders
The price of Litecoin in the daily time frame is supported at the level of 78.6%( 56.52$ ) correction of the previous wave and has shown a good reaction to it. The not-so-credible downward trend of the price has also been broken and the normal positive divergence in the MACD indicator indicates the possibility of the continuation of the upward trend after the price exits the triangle pattern and breaks out of the 69$ resistance in the price.
Now we can open long position after breakout triangle or wait until feak breakout bottom of triangle near 61.5$.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
The price of Litecoin in the daily time frame is supported at the level of 78.6%( 56.52$ ) correction of the previous wave and has shown a good reaction to it. The not-so-credible downward trend of the price has also been broken and the normal positive divergence in the MACD indicator indicates the possibility of the continuation of the upward trend after the price exits the triangle pattern and breaks out of the 69$ resistance in the price.
Now we can open long position after breakout triangle or wait until feak breakout bottom of triangle near 61.5$.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Note
Running well Let's see what happens
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Note
Tp1 hit 🎯Note
Tp2 hit 🎯Note
Tp3 hit 🎯Note
Save some profit now ✔✔Note
We are still in profit Let's see what happens ✔✔
Trade closed: target reached
Full Target 🎯Good luck 🤗
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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.
Related publications
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.