P_S_trade

LTC 1D What is more likely: growth by +40% or fall by two times?

BINANCE:LTCUSDT   Litecoin / TetherUS
Analyzing the previous idea, we can say that the price of LTCUSDT was unable to fix below $71.

Against the background of the BTC growth, buyers began to actively buy out LTC. By the way, few altcoins showed such growth on the last impulse of Bitcoin.
So, having fixed above $91, buyers took control of the situation on the chart and easily reached the top target of $124.

Now we are thinking that it is time to correct for the rapid growth of the LTCUSD price. The intermediate target is $71 and the global one is $63.

Although, trading risks should be based on the level of $119. Since above it, buyers will again, without resistance, begin to push the price towards the previous high in the range of $145
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