LTCUSD Price Analysis and Potential Long Entry
Hello Everyone!
Striving everyday to get more accurate and profitable trades. Here is another idea for
LTCUSD
:
I'm currently watching for a dead-cat bounce on
LTCUSD
, a long signal for me would be when price moves back into the 200 containment zone and a CCI crossing up alert on the 20 period. Once that occurs I would expect price to move to $34.46 before rejection. I see this as a 12:1 R/R should this play out.
Striving everyday to get more accurate and profitable trades. Here is another idea for
LTCUSD
: I'm currently watching for a dead-cat bounce on
LTCUSD
, a long signal for me would be when price moves back into the 200 containment zone and a CCI crossing up alert on the 20 period. Once that occurs I would expect price to move to $34.46 before rejection. I see this as a 12:1 R/R should this play out.
Comment:
A quick daily update on this pair, I'm expecting a move up on BTC (which LTC tends to follow). Confirmation that LTC/USD will move up with BTC would be if price can break and hold around $25.20:
Trade closed: target reached