Hi dear friends, hope you are well and welcome to the new update on Litecoin.
On the daily time frame chart, the price action of LTC with US Dollar pair has formed a bullish reversal Shark move and entered the potential reversal zone. On breaking down 50 SMA the pattern will be confirmed. There is also 100 SMA support in buying zone and 200 SMA support below the buying zone.
this trade has a huge profit possibility of 109%, and the loss possibility is 21%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the daily time frame chart, the price action of LTC with US Dollar pair has formed a bullish reversal Shark move and entered the potential reversal zone. On breaking down 50 SMA the pattern will be confirmed. There is also 100 SMA support in buying zone and 200 SMA support below the buying zone.
this trade has a huge profit possibility of 109%, and the loss possibility is 21%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.