LitecoinLong
LTCUSD - EA P1 - 06-04-2023
Updated
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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