Is Litecoin hinting at an upward move? Long trade #4

2023년 8월 30일

Historically, in previous years, the price of Litecoin was one of the first to start a growth trend globally and at the same time one of the first to correct.

If the previous sentence has aroused your interest, you can check out our previous ideas on the LTCUSDT ticker, where we described it in more detail and showed it on charts.

So, let's try to assume that the painful correction of the LTCUSD price is already over, which means it's time to grow. Therefore, we suggest a long trade for LTC on the following conditions:
Enter = 66.51
Stop = 63.97 (-3.9%)
TP = 80.24 (+ 20.6%)
P/L ratio = 5.4

Traditionally, we allocate $10,000 for this trade. In the event of a mistake, we will lose $390. If the trade works according to our scenario, we will receive a profit of $2060.

What do you think of this trade, and what is your vision of the Litecoin market? Write about it in the comments!

2023년 9월 1일

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