Pair: LTC/BTC
Exchange: Binance
Trade Duration: Medium
Risk: Moderate
Introduction
Litecoin (LTC) is one of the oldest cryptocurrencies in existence after Bitcoin, having launched in October 2011. It was developed by Charlie Lee, who remains involved with the coin to this day. Litecoin is a codebase fork of Bitcoin which means it doesn't share any history or connection to the Bitcoin genesis block. As a fork, it has many similar characteristics to Bitcoin, but has opted for shorter block generations times of around 2.5 minutes.
Technical Analysis
- Broke Downtrend And Tested As Support
- New Market Structure (Uptrend)
- Buying On Retracement & Test Of 0.5 Fibonacci (S/R)
- Momentum Trade
Our Entry Zone
0.01000 - 0.01060
Our Targets
1: 0.01264
2: 0.01650+
Our Stop Loss: 0.00900
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Comment your thoughts below.
And most importantly, enjoy your day!
Crypto Eye Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Exchange: Binance
Trade Duration: Medium
Risk: Moderate
Introduction
Litecoin (LTC) is one of the oldest cryptocurrencies in existence after Bitcoin, having launched in October 2011. It was developed by Charlie Lee, who remains involved with the coin to this day. Litecoin is a codebase fork of Bitcoin which means it doesn't share any history or connection to the Bitcoin genesis block. As a fork, it has many similar characteristics to Bitcoin, but has opted for shorter block generations times of around 2.5 minutes.
Technical Analysis
- Broke Downtrend And Tested As Support
- New Market Structure (Uptrend)
- Buying On Retracement & Test Of 0.5 Fibonacci (S/R)
- Momentum Trade
Our Entry Zone
0.01000 - 0.01060
Our Targets
1: 0.01264
2: 0.01650+
Our Stop Loss: 0.00900
Don't forget to hit that like button and give us a follow, we really appreciate it!
Comment your thoughts below.
And most importantly, enjoy your day!
Crypto Eye Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
