Are you waiting for a bull run? I know there are many Litecoiners out there that have been patiently waiting for their coin to take off and fulfill its $1000 promise. Well according to this chat (1W time-frame) the wait may be almost over as a certain sequence of technical events indicate that LTC is about to go parabolic.
As you see this chart encompasses (almost) all of LTCUSD's historic price action. Each Cycle is on very clear characteristics that tend to repeat in time:
- The Bear Cycle ends after the price breaks above the Lower Highs trend-line and turns the 1W MA100 (green trend-line) into a Support.
- Then a multi week parabolic rally starts that takes the price to a test of the previous All Time High ( ATH ).
- What follows is a new consolidation phase, always above the 1W MA100, which eventually leads to the final rally to new ATH .
Meanwhile, Canadian dollar finishes at its best level since July 5, up 3.6% in a month. Crude oil adds 3.6% to $81.93, sets new seven-year highs on four of five days. WTI price increases prevail over interest rates for the Canadian dollar.
You can buy, sell, trade Litecoin at Bitmart.
These are my trading signals for the next twenty-four hours.
USDCAD
BUY START: 1.24557
STOP LOSS: 1.23861
TAKE PROFIT: 1.25501
DURATION: 24 hours
LTCUSDT
BUY START: 208.60
STOP LOSS: 195.28
TAKE PROFIT: 226.21
DURATION: 24 hours
Enjoy!
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