Hello Traders!
LTC is moving in a downtrend, testing new support levels.
The descending phase is followed by the accumulation phase. A suitable area to open a medium-term position would be the price range of $72 - $83.
Exit a position using a stop-loss if the price goes under the support level of October 2020 - $44
The profit taking targets will be price levels of $142 $175 $232
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
LTC is moving in a downtrend, testing new support levels.
The descending phase is followed by the accumulation phase. A suitable area to open a medium-term position would be the price range of $72 - $83.
Exit a position using a stop-loss if the price goes under the support level of October 2020 - $44
The profit taking targets will be price levels of $142 $175 $232
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice