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LTCUSD: Bullish outlook
Examining Litecoin daily chart, we could find a trend reversal pattern that I consider as a reliable enough.
The trend reversal pattern is also in sync with Elliott Waves signaling the correction is over and we're in early stage of another wave up.
For best risk to reward ratio, we may plan to enter the market in range of $130-140, stop-loss at 110 and first target at $200, target #2 at $250.
Looking at LTCBTC chart, it's also looking quite good, though a bullish confirmation will be breaking above 0.017500 (38.2%).
If you like the idea, please follow me on Twitter (check the profile page).
The trend reversal pattern is also in sync with Elliott Waves signaling the correction is over and we're in early stage of another wave up.
For best risk to reward ratio, we may plan to enter the market in range of $130-140, stop-loss at 110 and first target at $200, target #2 at $250.
Looking at LTCBTC chart, it's also looking quite good, though a bullish confirmation will be breaking above 0.017500 (38.2%).
If you like the idea, please follow me on Twitter (check the profile page).
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