meszaros

LTCUSD moves in wave...

BITSTAMP:LTCUSD   Litecoin
LTCUSD moves in wave. Based on textbooks, rising lows, rising peaks. The rise is supported by the rising ATR axis and upward wave axis. As for another motion track to be drawn, it is the sidelined ATR signal. Therefore, if the exchange rate remains sideways, it could turn to USD 40.72. If long-distance entrants collide, then the exchange rate fluctuates at a rate of 43.89 usd. The first target price, which is a return correction site, is 54.80 usd. At this point, we expect a correction to 46.94 usd, followed by a further increase to the next target price. If our strategy is correct, the second target price may be close to 61 usd levels.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.