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LTCUSD - To keep an eye on - Potential 50% Profit

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Fellow traders,

This is an idea for longer term trading for LTCUSD. Based on what i'm seeing right now, LTC is not 100% out the woods yet but it looks like it's definitely beginning to form its position for a run.

We're looking at a Target of 375$ - LTC corrected from ATH to a FIB retraction level of 0.5 and now to begin make it's way back up to 1 and potentially surpassing it for a new ATH.

What are the current signs?
- Volume is steady and at a good place to consolidate
- MA Cross about to crossover on the daily chart
- MACD is converging and looking for a crossover as well (We're seeing crossover currently at smaller time frames)
- RSI has reasonable amount of growth

LTC is a coin I personally use regularly, especially for transferring currency between wallets and exchanges - it's a good/fast coin and seems to have very little problems.
I will be expecting a flag pole break out in the next ~48hours.

Trade safely and best wishes,

Alqasim

註釋

We're holding the trend quite well on the 4hr chart.

註釋

Looks like we might be going flat - or more consolidation around the $245 mark.

Alqasim