Hi guys
If you look at LTCUSD chart you understand we have good opportunity for long position in coming days. Maybe ask me why ?
1- We have very strong support in 115 $ from past of the market. If you zoom out the chart and refer to the past, you see that this level has been touched more than 10 times, so we are faced with a very strong and reputable support.
2- We have a nice Inverse Head And Shoulders pattern that break with a strong Bullish candle in 4H time frame.
3- One thing I see in many classic pattern is when we have significant input to the pattern we must get good output from this like as our input. In my opinion, Litecoin has potential to reach the 140 $ level. This level is very strong and attractive for price too, because at this level we have weekly pivot point and flat senku span B that both of them are very powerful. So we can put our third TP on this level.
4- Also if you focus on Ichimoku, you will see the candles break up the Kijun sen and Tenkan sen and both of them (KS & TS) play a role as a support and all of them (Candles, KS, TS) are going out of the kumo cloud.
Have a good and profitable trades.
If you look at LTCUSD chart you understand we have good opportunity for long position in coming days. Maybe ask me why ?
1- We have very strong support in 115 $ from past of the market. If you zoom out the chart and refer to the past, you see that this level has been touched more than 10 times, so we are faced with a very strong and reputable support.
2- We have a nice Inverse Head And Shoulders pattern that break with a strong Bullish candle in 4H time frame.
3- One thing I see in many classic pattern is when we have significant input to the pattern we must get good output from this like as our input. In my opinion, Litecoin has potential to reach the 140 $ level. This level is very strong and attractive for price too, because at this level we have weekly pivot point and flat senku span B that both of them are very powerful. So we can put our third TP on this level.
4- Also if you focus on Ichimoku, you will see the candles break up the Kijun sen and Tenkan sen and both of them (KS & TS) play a role as a support and all of them (Candles, KS, TS) are going out of the kumo cloud.
Have a good and profitable trades.