Bullish Case for LTCUSD (Weekly: Intermediate term)
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Hello, traders!
This is just for entertainment purposes, and a hypothetical situation.
The chart assumes you buy in to LTC $1,000 at the current price.
Bulls could use the 61.8% retracement of the previous corrective wave as a target.
A little cross multiplying suggests that this 1000 investment would be equivalent to 1,275 at this 61.8% level.
Profit of ~ 275
Where would you set your target profits? Stop losses? Be well!
This is just for entertainment purposes, and a hypothetical situation.
The chart assumes you buy in to LTC $1,000 at the current price.
Bulls could use the 61.8% retracement of the previous corrective wave as a target.
A little cross multiplying suggests that this 1000 investment would be equivalent to 1,275 at this 61.8% level.
Profit of ~ 275
Where would you set your target profits? Stop losses? Be well!
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