Litecoin / TetherUSShort
LTCUSDT - SELL IDEA
On the 45-minute chart for LTC/USDT, Litecoin appears to be in the midst of a corrective wave following a completed five-wave impulsive structure. This presents a possible short opportunity as the correction unfolds.
Key levels to watch:
- The 1.0 Fibonacci extension at $61.89, which could be the first target where the corrective wave (c) might conclude.
- The 1.618 Fibonacci extension at $58.12, which is a deeper target and could represent the full extension of the corrective wave.
The overall trend suggests a bearish continuation in the short term, making this a potential area to consider short positions, with these Fibonacci levels as key zones for taking profits.
Key levels to watch:
- The 1.0 Fibonacci extension at $61.89, which could be the first target where the corrective wave (c) might conclude.
- The 1.618 Fibonacci extension at $58.12, which is a deeper target and could represent the full extension of the corrective wave.
The overall trend suggests a bearish continuation in the short term, making this a potential area to consider short positions, with these Fibonacci levels as key zones for taking profits.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.