LTCUSD - EA P1 - 06-04-2023
From a technical perspective, Litecoin is lining up for a long-term buying opportunity.
As price holds of the 61.8% Fibonacci retracement level, at the lows of H4 consolidation.
In addition to the above, there is potential for the fulfillment of the 3rd rejection of an ascending trendline from the (H4-PWL-PP)
As price holds of the 61.8% Fibonacci retracement level, at the lows of H4 consolidation.
In addition to the above, there is potential for the fulfillment of the 3rd rejection of an ascending trendline from the (H4-PWL-PP)
Note
Litecoin has steadily increased to the upside following analysis conducted on 6th April.The fundamental catalyst doesn't matter when the technicals align.
You're welcome :)
Note
For those of you who took the trade as swing traders. Congratulations for your patience. I hope the day traders amongst you took profits and enjoyed. Good luck and trade smart.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.