#LITUSD 1DAYLITUSD (1D Timeframe) Analysis
Market Structure:
The price is currently testing a key support level, which acts as a critical decision zone. If the support holds, a bounce may occur, signaling a potential bullish move. However, if the price breaks below the support and retests it as resistance, further downside may follow.
Forecast:
- A buy opportunity may arise if the price shows a strong bounce from the support level.
- A sell opportunity could be considered if the support level breaks down and gets confirmed as resistance after a retest.
Key Levels to Watch:
- Entry Zone: A buy position can be considered if bullish confirmation appears at support, while a sell setup requires a confirmed breakdown and retest.
- Risk Management:
- Stop Loss: Below support for buy trades and above retest resistance for sell trades.
- Take Profit: Targeting key resistance levels for buy setups and lower support zones for sell setups.
Market Sentiment:
The market is at a critical level where price action confirmation is necessary. Traders should wait for a clear reaction at the support level before making a decision.
Litcointrading
Litecoin following Bitcoin Bull Circus next buy chance $102.81I'll keep it short. Unless Litecoin takes no break and just continues to climb,
Possible buy opportunities for Litecoin are at around $102.81 and $98.62.
Make sure to set your stop loss orders not to lose any money or sit there being forced to HODL.
Litecoin, the big ABCLot of fud in the crypto market. While this space is full of scams Litecoin is one of the few that is pure legit, a mean of exchange. Is not designed to replace Bitcoin rather than being a healthy competitive partner, however when things turn down, everybody tends to do the same thing, sell and enter short. So here is my view, a big ABC starting from December 15th, if you see my chart, we already complete 5 waves up, which is the first impulse, so now the market will print the B correction, and after that the final C impulsive wave up which in my opinion will take us to around 130-140.