Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Buy LTC/USDT opportunity: riding the upward momentum in Litecoin By: Invezz September 20, 2023 at 12:32 PM EDT Trade idea summaryBuy/sell asset: Buy LTC/USDTEntry price: 63.01Stop loss: 61.14Leverage: 3xTake profit 1: 64.50Take profit 2: 67.50Take profit 3: 71.12Timeframe: 1-2 weeksMaximum profit: 36.61%Maximum loss: 8.7%LTC/USDT chart and technical analysisLTC/USDT is turning bullish after the price made inverse head and shoulder pattern and closed above the major resistance level of 63.01.Price is making correction after it closed above the previous high. I am expecting it will retrace back to 63.01 before continuing its bullish momentum.The 63.01 resistance level will now act as a strong support level and will push the price upward. Price will possibly reach 71.12 supply area in the coming rally.Litecoin fundamental analysisFed interest rate decision is due today, which will potentially impact the Crypto market.However, it will not impact this trade significantly as the price is still considerably above our entry-level.Litecoin to Tether trade setup takeawaysLTC/USDT will possibly rally to 71.12 supply area as predicted.This trade has been sent after multiple confirmations. Multiple take-profit levels have been added to secure profit along the way.Both stoploss and take profit prices have been set carefully with the maximum probability of winningGood luck!The post Buy LTC/USDT opportunity: riding the upward momentum in Litecoin appeared first on Invezz. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Buy LTC/USDT opportunity: riding the upward momentum in Litecoin By: Invezz September 20, 2023 at 12:32 PM EDT Trade idea summaryBuy/sell asset: Buy LTC/USDTEntry price: 63.01Stop loss: 61.14Leverage: 3xTake profit 1: 64.50Take profit 2: 67.50Take profit 3: 71.12Timeframe: 1-2 weeksMaximum profit: 36.61%Maximum loss: 8.7%LTC/USDT chart and technical analysisLTC/USDT is turning bullish after the price made inverse head and shoulder pattern and closed above the major resistance level of 63.01.Price is making correction after it closed above the previous high. I am expecting it will retrace back to 63.01 before continuing its bullish momentum.The 63.01 resistance level will now act as a strong support level and will push the price upward. Price will possibly reach 71.12 supply area in the coming rally.Litecoin fundamental analysisFed interest rate decision is due today, which will potentially impact the Crypto market.However, it will not impact this trade significantly as the price is still considerably above our entry-level.Litecoin to Tether trade setup takeawaysLTC/USDT will possibly rally to 71.12 supply area as predicted.This trade has been sent after multiple confirmations. Multiple take-profit levels have been added to secure profit along the way.Both stoploss and take profit prices have been set carefully with the maximum probability of winningGood luck!The post Buy LTC/USDT opportunity: riding the upward momentum in Litecoin appeared first on Invezz.
