$LTC #LTC 🚀
Direction: LONG
Entry zone: 52.98 to 53.20
Stop loss: 52.29
Target 1: 54.15
Target 2: 54.95
Litecoin is trading near 53.09 dollars, down 1.14 percent in 24 hours, inside a range of 53.04 to 55.02 dollars, and the recent closes are drifting lower, 53.70, then 53.31, then 53.28, then 53.09. 📈 My reading is that LTC is sitting right on its range low, which makes this a clear binary trade, either the low holds and the bounce targets 54.15, or it fails and the stop at 52.29 ends it cheaply. A long from the current zone, with a stop below 52.29, targets 54.15 first and then 54.95 if the low holds. A fall below 52.29 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does LTC rise to 54.15 first, or fall below 52.29? 🤔
Follow for more trades.
#LTC #Crypto #FuturesTrading #TradingSignals
Direction: LONG
Entry zone: 52.98 to 53.20
Stop loss: 52.29
Target 1: 54.15
Target 2: 54.95
Litecoin is trading near 53.09 dollars, down 1.14 percent in 24 hours, inside a range of 53.04 to 55.02 dollars, and the recent closes are drifting lower, 53.70, then 53.31, then 53.28, then 53.09. 📈 My reading is that LTC is sitting right on its range low, which makes this a clear binary trade, either the low holds and the bounce targets 54.15, or it fails and the stop at 52.29 ends it cheaply. A long from the current zone, with a stop below 52.29, targets 54.15 first and then 54.95 if the low holds. A fall below 52.29 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does LTC rise to 54.15 first, or fall below 52.29? 🤔
Follow for more trades.
#LTC #Crypto #FuturesTrading #TradingSignals
