Even though there isn’t a usual pattern like the ones I normally trade, we can see that the price is very close to LTC’s historical trend line.
Every time the price has reached this line before, it has gone up by at least 100% in a short time.
There is a risk that the line could break, but we would only risk about 20% or less. So, with a risk-to-reward ratio of at least 1 to 5, it’s worth taking the opportunity and watching for possible long entries in LTC.
Every time the price has reached this line before, it has gone up by at least 100% in a short time.
There is a risk that the line could break, but we would only risk about 20% or less. So, with a risk-to-reward ratio of at least 1 to 5, it’s worth taking the opportunity and watching for possible long entries in LTC.
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