Trading plan: LTCUSD (Litecoin)
The rate of Litecoin flies into the abyss.
Priority of the day: LTCUSD rate depreciation to $ 67.
The bear trend for Litecoin dragged on, there was no good correction upwards, so we do not plan to support its sales today. For us, the earnings on bounce of Litecoin rate are more likely than on the continuation of its fall. Therefore, today we are waiting for the best situation.
Projected scenarios:
1. The rate of LTCUSD will decrease from $ 73 to $ 67.
2. The rate of LTCUSD will take the lateral movement.
Alternative scenario:
At the moment, the market is ruled by bears, but we are counting on an alternative plan - the purchase of Litecoin. But before that, we need to see the initiative from buyers of Litecoin, so we expect a bounce of its rate to $ 80. And then, we plan to earn on the growth of Litecoin rate.
Priority of the day: LTCUSD rate depreciation to $ 67.
The bear trend for Litecoin dragged on, there was no good correction upwards, so we do not plan to support its sales today. For us, the earnings on bounce of Litecoin rate are more likely than on the continuation of its fall. Therefore, today we are waiting for the best situation.
Projected scenarios:
1. The rate of LTCUSD will decrease from $ 73 to $ 67.
2. The rate of LTCUSD will take the lateral movement.
Alternative scenario:
At the moment, the market is ruled by bears, but we are counting on an alternative plan - the purchase of Litecoin. But before that, we need to see the initiative from buyers of Litecoin, so we expect a bounce of its rate to $ 80. And then, we plan to earn on the growth of Litecoin rate.
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