Trading plan: LTCUSD (Litecoin)
Litecoin remains in the lateral movement. The best price for Litecoin purchase is near its support zone: $ 114 - $ 112.
Priority of the day: buy LTCUSD with a target of $ 132.
Litecoin will certainly follow Bitcoin, but the amplitude of their kickbacks is different. Litecoin may not make a deep correction and gradually rise to the goal.
Projected scenarios:
1. Buy LTCUSD from $ 114 to $ 132.
2. LTCUSD rate may stay in the lateral movement until the end of the day.
An alternative scenario:
LTCUSD accumulates volume for sale near the level of $ 120. Since the bears have not yet given up, there is a possibility of a drop in Litecoin rate from $ 120 to $ 106. In this case, we will see large volumes for the sale of Litecoin near the level of $ 114, and we will not open a deal to buy it.
Priority of the day: buy LTCUSD with a target of $ 132.
Litecoin will certainly follow Bitcoin, but the amplitude of their kickbacks is different. Litecoin may not make a deep correction and gradually rise to the goal.
Projected scenarios:
1. Buy LTCUSD from $ 114 to $ 132.
2. LTCUSD rate may stay in the lateral movement until the end of the day.
An alternative scenario:
LTCUSD accumulates volume for sale near the level of $ 120. Since the bears have not yet given up, there is a possibility of a drop in Litecoin rate from $ 120 to $ 106. In this case, we will see large volumes for the sale of Litecoin near the level of $ 114, and we will not open a deal to buy it.
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