LITECOIN (LTC/USD) - Technically Good Entry Areas!
Around $73, criteria:
1. Strong historical support area (orange line)
2. Ascending channel projection
3. Fibonacci momentum retracement ratio 38%
Around $50, criteria:
1. Old strong price level worked as a support and as a resistance
2. The round number $50
3. Fibonacci golden ratio 62%
4. Trendline
Last time we managed to discover that technically a good bounce area pretty nicely, hopefully, we see some actions in those levels as well!
"Learning to accept the risk is a trading skill – the most important skill you can learn. When
you learn the trading skill of risk acceptance, the market will not be able to generate
information that you define or interpret as painful."
– Mark Douglas
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Previous analysis:
Have a nice day,
Cheers!
*This information is mostly used for educational purposes only!
1. Strong historical support area (orange line)
2. Ascending channel projection
3. Fibonacci momentum retracement ratio 38%
Around $50, criteria:
1. Old strong price level worked as a support and as a resistance
2. The round number $50
3. Fibonacci golden ratio 62%
4. Trendline
Last time we managed to discover that technically a good bounce area pretty nicely, hopefully, we see some actions in those levels as well!
"Learning to accept the risk is a trading skill – the most important skill you can learn. When
you learn the trading skill of risk acceptance, the market will not be able to generate
information that you define or interpret as painful."
– Mark Douglas
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Previous analysis:
Have a nice day,
Cheers!
*This information is mostly used for educational purposes only!
