LTCUSD entry opportunity | Will fly soon?

There are more things to consider when looking at the current LTC chart. First, we have fallen into the original uptrend channel and we are close to the support line, which is actually a good entry point. However, this also seems like a falling wedge so if we are not able to breach the blue marked line, I would wait as we are likely to fall down to 140. At $140 LTC is a bargain even considering BTC is likely to fall below 10k as well.

Entry point: 165-170 USD
First target: 210 USD
2nd target: 250 USD
Stop loss: 133 USD or HODL.

Happy trading.

Kommentera:

Still at the bottom of the uptrend channel...