Two Possible Scenarios for LTC

4 May 2023

Hi everyone! While the market is not stable and is in uncertainty, it is not advisable to trade. But let's consider one idea for LTC. The asset is moving within a large triangle, the price is responding well to its trend lines, as well as Fibonacci levels.

What can we expect?

The first option is a breakout of the descending boundary of the triangle and a touch of the Fibonacci level of 0.618. If the sentiment in the market is bullish by this time, we can expect the continuation of growth.

The second option is a breakout of the ascending line of the triangle and a drop in price to the nearest strong Fibonacci level of 0.236.

This is not a trading recommendation, everything you do, you do at your own risk.

19 May 2023

İşlem aktif

Got 11% profit on the fall of the asset, at the moment the asset has recovered to the previous values. I expect further growth.