Hello all. Here is a quick trade setup to enter long on Litecoin.
Litecoin is heading towards the ascending line of support in the ascending channel. This line of support also matches the fib gold level which sits at $170-$180.
I am looking to enter the trade around $155-$160, right on the support line of the ascending channel.
This is not a guarantee because LTC remains in the over sold territory on stochastic RSI chart and also, the 50 EMA may play a strong support for Litecoin.
This entry will bring 70% profit once LTC hits $280, the top of the channel.
Thanks for reading, and stay tuned. Enjoy.
Litecoin is heading towards the ascending line of support in the ascending channel. This line of support also matches the fib gold level which sits at $170-$180.
I am looking to enter the trade around $155-$160, right on the support line of the ascending channel.
This is not a guarantee because LTC remains in the over sold territory on stochastic RSI chart and also, the 50 EMA may play a strong support for Litecoin.
This entry will bring 70% profit once LTC hits $280, the top of the channel.
Thanks for reading, and stay tuned. Enjoy.
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.
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.