$LTC Just Failed A Major Breakout! Where Should You Enter?
Guys, I know everyone wants to catch the fall, but the chart shows a heavy distribution pattern right now. The price broke down from $55.49 and RSI is at 44, which means the momentum is no longer on the buy side.
The safest play is to wait for the price to establish a solid base around the $50.00 support. Here is the trade plan:
· đ Entry: $52.20
· đŻ Target 1: $49.97
· đŻ Target 2: $48.60
· đ Stop Loss: $53.40
đĄTip: Chasing the market at $52 is risky. Technical experts are watching for a wave recovery, but until the wave structure confirms a bottom, the smart money is waiting for the dip.
Will LTC support $50 or drop lower? comment below! đ
(đą Bullish Hold / đŽ Bearish Drop)
#LTC #Litecoin #Crypto #Binance
Guys, I know everyone wants to catch the fall, but the chart shows a heavy distribution pattern right now. The price broke down from $55.49 and RSI is at 44, which means the momentum is no longer on the buy side.
The safest play is to wait for the price to establish a solid base around the $50.00 support. Here is the trade plan:
· đ Entry: $52.20
· đŻ Target 1: $49.97
· đŻ Target 2: $48.60
· đ Stop Loss: $53.40
đĄTip: Chasing the market at $52 is risky. Technical experts are watching for a wave recovery, but until the wave structure confirms a bottom, the smart money is waiting for the dip.
Will LTC support $50 or drop lower? comment below! đ
(đą Bullish Hold / đŽ Bearish Drop)
#LTC #Litecoin #Crypto #Binance