✴️ Litecoin | Great Entry

30 Ağu 2023

We just experienced the strongest correction/bearish action since the bear market, before June 2022... This can be good.

We are looking at Litecoin (LTCUSDT) on the weekly timeframe.

Bear-market bottom low June 2022.
A strong bullish wave, peaks July 2023, more than a year after the low.

Strongest correction in more than a year follows with 7 weeks dropping, the last week strong, full red.

The week that follows is a Doji and closes green.
This week is green again.

The drop stopped before hitting the 0.786 Fib. retracement level relative to the entire bullish wave (from June 2022 through present time).

And so, this can be a great entry.

I am no longer sharing the full numbers with leverage as I did earlier this year but I personally would go long here.

A major correction ending can lead to a change of trend.
Taking into consideration the halving, this change can be for the long-term.

A good entry now can into something really big, it can be great.

This is not financial advice.
Do your own research.
Be smart, be patient; Opportunities are endless... If you miss one, another one will come and take its place.

When one door closes, millions of new doors open.
Look at the stars.
Enjoy the sun and the full moon.

Thank you for reading.
Enough for today.

Namaste.