Hi all !!!
I decided to do a mini review of LTC in the medium term in order to indicate to you the required levels, fromwhich can be repelled in this tool.
At the moment, there is a risk of reduction to the level of 51 ± 2 $, from which you can buy from those who have not bought from the recent minimum of 55 $.
After we touch the bottom borderascending channel, I think there will be a rebound or at least a slight squeeze. A retest of the zone at 38 ± 2 $ is unlikely. Therefore, for those who did not have time, do not rush to jump in now at the market price; it is better to use the levels indicated below and buy on a pullback in prices. But if you love the lottery, then we have nothing to offer you except buy now with the risk of falling to $38 - although this is unlikely, it does happen. It's all about risk management and when trading on margin, every dollar matters.
And then, after stroking the lower border of the channel :), cheerful and full of strength, we will rush to the goal of this idea, 110 ± 2 $, to achieve which we need to overcome the following levels:
1) 66 ± 2 $
2) 84 ± 2 $
Then they can be used to refuel your green rocket :) during price rollbacks.
Summary at the time of writing:
— Buy for 51 ± 2 $.
— For those who didn’t have time: it’s better to use levels 66 and 84 after we roll back to them.
— For risk-takers: buy at the market price.
— For the cautious: buy for 38 ± 2 $.
As you can see, it all depends on what kind of trader you are :)
This idea is only advisory in nature, and does not call for action!
Where and when to enter the market, set SL or TP, everyone decides for themselves.
I wish you all good deals!
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