assetsandcoffee

LTCUSD - Weekly - Extended Accumulation Phase

COINBASE:LTCUSD   Litecoin
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📈Technical/Fundamental/Target Standpoint⬅️
1.) Extended accumulation phase, similar to BTC when it was hovering around $1000 - $3000. Normally these extended accumulation phase mean, we likely will no longer see this price range again once the bull cycle occurs.
2.) A upper momentum signal has been triggered since 2/28/2024, this is usually a good sign when it comes to breakouts.

🤖Trading Bot Stance⬅️
1.) Double bullish trend confirmation
2.) Signaling to reduce long positions by 50% which could indicate a short term pullback is upon us
3.) 14 day trade ban is in effect for any new long positions, until the potential pullback occurs.

🐳Monthly Bot Round Table Analytics for Russell Indexes⬅️
1.) 35% chance we will end the month in green.

🌎Global Market Sentiment Approach⬅️
1.) Mostly bullish until rate cuts take effect, but also taking into consideration the round tables probability for the month of March.
2.) Normal free cash flow to put into a trade should be reduced. Meaning if you trade $100 per trade, then reduce that to $50 per trade.

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