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Trading plan: LTCUSD (Litecoin)
The Litecoin rate moves in the corridor of prices: $ 85 - $ 75.
Priority of the day: LTCUSD rate increase with a target of $ 88.
Despite the deep correction of the price of Litecoin, we expect to see its growth towards our target.
Projected scenarios:
1. The LTCUSD rate will rise from $ 77 to $ 88.
2. The LTCUSD rate will continue to move in the price corridor.
An alternative scenario:
If the price of Litecoin can consolidate below the level of $ 76, then it is likely to fall lower, to $ 70. Today we do not plan to make Litecoin deals, because now there is complete uncertainty with the current direction of its movement.
Priority of the day: LTCUSD rate increase with a target of $ 88.
Despite the deep correction of the price of Litecoin, we expect to see its growth towards our target.
Projected scenarios:
1. The LTCUSD rate will rise from $ 77 to $ 88.
2. The LTCUSD rate will continue to move in the price corridor.
An alternative scenario:
If the price of Litecoin can consolidate below the level of $ 76, then it is likely to fall lower, to $ 70. Today we do not plan to make Litecoin deals, because now there is complete uncertainty with the current direction of its movement.
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