CollegeofPips

Litecoin Preparing to Fly Towards the 163.60 Level πŸš€ πŸš€ πŸš€

Long
KRAKEN:LTCUSD   Litecoin
πŸ’‘ Trade Idea

πŸ“ˆ Buy Limit Litecoin (LTC/USDT) @ 144.79

🎯 Target Profit 163.60

πŸ›‘ Stop Loss 138.56

❌ Do not risk more than 1 % of your account on each trade

πŸ™‚ Good Luck !

Description:

The price is ranging inside a corrective channel and it is pushed by the bears to the daily support @ 144.79. We have a 38.2 Fibonacci retracement level which coincide with the daily support. This confluence might lead to a reversal and a move upward towards the 144.79 mark.
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