Updated

LTCUSDT Analytical review

Currently, there is uncertainty globally in this instrument. The current strength of the market on a scale from zero to one hundred is 37.6. If the correction continues and the price falls below the level of 80.73, it could indicate a break in the medium-term growth and the development of a downtrend. On the other hand, a move above the level of 83.19 confirms an upward trend and could lead to its strengthening. Locally, the price has formed a falling channel and has broken through it, indicating an acceleration of the local decline and a high probability of a reversal of the instrument in the medium-term perspective downwards. When the price returns back into the channel, it could indicate a continuation of sideways movement, in which case speculative deals on rebound from the channel borders are possible. Short from the level of 101.77, long from the level of 94.13. If the price solidifies above the level of 101.77, the probability of a local uptrend and the resumption of a medium-term upward trend increases.

Trade active

Title: LTCUSDT Analytical Review Trading Plan

Executive Summary
This trading plan is based on the LTCUSDT Analytical Review. With the instrument in a medium-term uptrend and a market power of 62, we recommend working on the long side. The price is currently trading within a corrective downtrend channel. We will outline a trading strategy for both short and long positions, focusing on key levels and risk management guidelines to capitalize on the current market situation.

Objectives
To capitalize on the medium-term uptrend in LTCUSDT
To maintain strict risk management guidelines and protect capital
To continuously monitor market conditions and adjust the trading plan accordingly
Trading Strategy
Short positions (speculative):

a. Entry Points:

Short when the price breaks and consolidates below the level of 78.96
Short when the price bounces off the upper boundary of the channel around 90.26
b. Profit Targets:

Target near the lower boundary of the channel at 78.96 (varies depending on entry point)
c. Stop Loss:

Place a stop loss order at an appropriate level above the entry point (approximately 1-2% risk)
Long positions:

a. Entry Points:

Buy when the upper boundary of the channel at 90.26 is broken and consolidated above
b. Profit Targets:

First target: 100 (approximately 10.8% gain)
Second target: 110 (approximately 21.9% gain)
c. Stop Loss:

Place a stop loss order at 88 (approximately 2.5% risk) to protect capital in case of a false breakout or reversal
Risk Management
Ensure strict adherence to stop loss orders
Risk no more than 1-2% of total capital per trade
Reassess the trading plan if the price drops below and breaks the level of 79.65, signaling a potential medium-term reversal downward
Review and Monitoring
Monitor market conditions and adjust the trading plan accordingly
Regularly review the effectiveness of the trading strategy and risk management guidelines
Keep a trading journal to track performance and learn from past trades
By following this LTCUSDT Analytical Review Trading Plan, we aim to capitalize on the current market situation while maintaining strict risk management protocols to protect our capital. Continuously monitoring the market and adjusting our strategy will ensure we stay on top of any significant changes and maximize our potential profits.

Trade active

⚡️LTCUSDT analytical review⚡️

Medium-term, the instrument is in a downward trend 📉. The current market strength on a scale of zero to one hundred is 33.6. Selling 🔽 is recommended.

Locally, there is also a tendency towards decline, as the instrument is trading below the last upward channel, indicating a resumption of medium-term decline. Speculatively, in the current situation, selling 🔽 is also recommended.

A good point for opening a short position will be the lower boundary of the channel, which is currently at 91.99. In case the price returns inside the channel and consolidates above this value, it is possible to make speculative purchases 🔼 with the goal around the upper boundary of the channel, currently at 96.52. A change in the medium-term trend to an upward one can be discussed when the price is fixed above the level of 93.45

Note

⚡️LTCUSDT analytical review⚡️

Medium-term, the instrument is in a downward trend 📉. The current market strength on a scale of zero to one hundred is 36.8. Selling 🔽 is recommended.

Locally, there is also a tendency towards decline, as the instrument is trading below the last upward channel, indicating a resumption of medium-term decline. Speculatively, in the current situation, selling 🔽 is also recommended.

A good point for opening a short position will be the lower boundary of the channel, which is currently at 92.34. In case the price returns inside the channel and consolidates above this value, it is possible to make speculative purchases 🔼 with the goal around the upper boundary of the channel, currently at 96.87. A change in the medium-term trend to an upward one can be discussed when the price is fixed above the level of 94.58.

Note

FinTechMe

Also on:

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.

FinTechMe

Also on: