$LTC/BTC 1W (Binance Spot) Big falling wedge breakout and retest

2021年10月28日

Litecoin on All Time Low (ATL) support and finally showing some reversal signs for mid/long-term.
That old PoW coin (since 2011) is also available on BSC, more information on litecoin.org

Current Price= 0.003115
Buy Entry= 0.003102 - 0.002600
Take Profit= 0.004593 | 0.006362 | 0.010745
Stop Loss= 0.002153

Risk/Reward= 1:2.5 | 1:5.03 | 1:11.31
Expected Profit= +61.10% | +101.68% | +169.61%
Possible Loss= -24.48%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1 year

2021年11月9日

交易進行

First entry filled

Litecoin bounced very nicely today, bringing up to +34.87% and this is only the beginning.
Although, since it's facing 50MA resistance, could be wise to take some partial profit here!

2021年12月7日

註釋

TP1 missed by 168 sats with up to +45.27%

Litecoin retraced down to good old demand zone again, I hope you took the advice to partially TP up there.
Now seems to be a good time to buy back or build a bigger position, this was only a preview of what it's capable of!

2022年5月24日

交易結束：達到停損點

SL was hit with -24.48% and -1R

Litecoin lost demand zone and stop hunted us while printing a new All Time Low.
That's sad but it's far from dead, let's keep an eye on that new formed falling wedge!