Ltcusdanalysis
LTC/USDT IS GEARING UP.Hello guys, here's a trade setup on LTC/USDT. LTC is breaking out. The chart looks good here and I am expecting a 10% to 15% rally.
Entry will be between $110.7 to $113.46.
SL: $107.09
Targets:
$116.8
$119.5
$123.2
$128.4
Invest the amount you are ready to lose. Do not invest blindly, it's your hard earn money, my friend. The risk-reward ratio on this trade is good. If our SL gets hit then we will bear a minimal loss but if LTC rallies from this point then there's a good profit lying ahead of you.
I am trading on 10x and will exit my positions accordingly.
I will time and again update you on this one so stay in touch.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
Litecoin at important confluence resistanceThe trend for Litecoin is down, however, after finding strong bits in the 100 zone, the coin has started to reverse and now is trading in very important 120 confluence resistance.
A break here would expose 140-145 next important resistance and, on the other hand, the incapacity to break above would put bears in control once more
Litecoin- will it finally break under 100?Since November 2021, Litecoin was one of the weakest coins, losing 66% of its value from 300 to 100 at the moment of writing.
Looking at the chart we can see that the price evolution was very "technical" and each rally was sold in resistance or very near.
In my last Litecoin comment I said that a rebound from 100 is probable but this should be considered a good opportunity for selling around 120 and as we can see, the coin reversed from 116.
Now we are back to 100 and I believe this time we will have a break.
My target for this drop is another 30% at 70usd per coin.
Best of luck!
Mihai Iacob
Will Litecoin drop under 100?As I said before, in the past 6 months, Litecoin was very weak, in fact, one of the weakest, and my 100 target was reached.
Now, the question is, will it drop under 100? In my opinion, the chances are very high for this.
Technically the downtrend is very clear and as we can see from the chart every rally is sold.
Now the coin is trading just above 100 support and I expect a break and continuation lower.
120 is now resistance and rallies towards that zone should be sold.
LTC/USDT - Potential 222% SetupHello Traders!
LTC is moving in a downtrend, testing new support levels.
The descending phase is followed by the accumulation phase. A suitable area to open a medium-term position would be the price range of $72 - $83.
Exit a position using a stop-loss if the price goes under the support level of October 2020 - $44
The profit taking targets will be price levels of $142 $175 $232
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice