$LTC/USDT 4h (#BinanceFutures)Symmetrical triangle on resistance

24 mar 2022

Litecoin is entering supply zone where a bearish rejection would make sense.

Current Price= 124.82
Sell Entry= 124.63 - 128.67
Take Profit= 115.26 | 107.63 | 100.01
Stop Loss= 136.18

Risk/Reward= 1:1.2 | 1:2 | 1:2.8
Expected Profit= +17.98% | +30.04% | +42.06%
Possible Loss= -16.02%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 3-4 weeks

Tags: #LTC #LTCUSDT #Blockchain #Dino #PoW #Mining #BSC #BC #MW

Websites: litecoin.org litecoin-foundation.org


Contracts:
#Mainnet
#BEP20 0x4338665cbb7b2485a8855a139b75d5e34ab0db94
#BEP2 LTC-F07
#HECO 0xecb56cf772b5c9a6907fb7d32387da2fcbfb63b4

6 apr 2022

Trade attivo

2/3 entries filled

Litecoin got rejected on the upper-line as expected, so far so good.

6 apr 2022

Trade attivo

Last entry filled

Litecoin seems to have broken-out bullish, let's stick to the plan anyway.

6 apr 2022

Trade chiuso: obiettivo raggiunto

TP1 reached with +17.98% (2x) and +1.2R

Litecoin finally retraced down after almost stopping us out, we did well holding tight!
RSI is entering oversold territory now, SL adjusted to highest entry (128.67) to reduce the risk.

25 apr 2022

Trade chiuso: obiettivo raggiunto

TP3 reached with +42.06% (2x) and +2.8R

Litecoin went for final target after the bearish retest of the triangle / 100EMA, trade is fully closed now!