$LTC #LTC
Direction: LONG
Entry zone: 55.8 to 56.1
Stop loss: 55.2
Target 1: 56.8
Target 2: 57.5
Litecoin is trading near 56.12 dollars, up 1.99 percent in 24 hours, after grinding up from a low of 54.54 toward a high of 56.14. My reading is that this slow climb is healthier than a spike. The recent closes moved 55.91, then 55.93, then 55.92, then 56.00, then 56.12, which is steady buying, not hype. A long from the current zone, with a stop below 55.2, targets 56.8 first and then 57.5 if the range top gives way. If price slips under 55.2, the grind has failed and I exit.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Litecoin break 56.14 resistance, or pull back to 55.2 first?
Follow for more trades.
#Litecoin #Crypto #FuturesTrading #TradingSignals
Direction: LONG
Entry zone: 55.8 to 56.1
Stop loss: 55.2
Target 1: 56.8
Target 2: 57.5
Litecoin is trading near 56.12 dollars, up 1.99 percent in 24 hours, after grinding up from a low of 54.54 toward a high of 56.14. My reading is that this slow climb is healthier than a spike. The recent closes moved 55.91, then 55.93, then 55.92, then 56.00, then 56.12, which is steady buying, not hype. A long from the current zone, with a stop below 55.2, targets 56.8 first and then 57.5 if the range top gives way. If price slips under 55.2, the grind has failed and I exit.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Litecoin break 56.14 resistance, or pull back to 55.2 first?
Follow for more trades.
#Litecoin #Crypto #FuturesTrading #TradingSignals
