LTCUSDT - BULLISHI'm considering a long position in LTCUSDT at a price of $68.60. My analysis suggests that LTC is currently following a bullish trend, aligning with the principles of Dow Theory, and consistently forming higher highs and higher lows, indicative of a strong bullish trajectory.
To manage potential risks, I plan to set a stop loss at $65.50, just below the last lower low. This stop loss is designed to protect against adverse price movements.
For my target, I'm aiming for a 1:1 risk-reward ratio, with the initial target set at $71.80.
As always, it's important to remember that the cryptocurrency market can be highly volatile, so conducting thorough research and staying informed about market developments is crucial before making any investment decisions.