LTC/USDT - Swing Position

Date: 06/12/24

Name: LTC/USDT

Market cap
10.41B
4.92%
Volume (24h)
2.93B
53.12%
FDV
11.58B
Vol/Mkt Cap (24h)
28.28%
Total supply
84M LTC
Max. supply
84M LTC
Circulating supply
75.27M LTC




Daily Time Frame – Swing Position – Long!

Reasons to be Bullish Case:
1) Structure: Market Structure shift
2) Current phase: Strong Bullish momentum, Trending upwards
3) Overall trend: Continuation of Bull Trend.
(4) Internal: Structure Shift towards upside, no pullbacks yet, sky rocketing
(5) Important Key notes: .
- 978 days consolidation break out,
- Currently holding Previous resistance as its support and key level on Daily Time frame range.
Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) if $11.4.26 is not hold, then we can see further buying opportunities on marked point of interests.
7) Invalidation below $82.71

Trade Plans:
BUY CMP: $138
DCA: $102 - $89

Invalidation: $82.71

Trend Based Fibionacci Targets:
Target 1: $ 424.82
Target 2: $ 663.24
Target 3: $ 810.61
Target 4: $ 1049

**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **