Trading plan: LTCUSD (Litecoin)
The rate of Litecoin ranges in the corridor: $ 100 - $ 95.
Priority of the day: neutral position on LTCUSD.
Unfortunately, Litecoin rate did not reach the sales zone: $ 110 - $ 105, as we expected. Therefore, we are out of the market today. According to our view of the market: it is too early to buy, the trend has not changed, but it is a bad zone for Litecoin sale too.
Today we are still sure about our forecast for the growth of the quotation of Litecoin to $ 110. If buyers can not break the fall of Litecoin rate, then at the level of $ 92 a bearish trend will continue.
Projected scenarios:
1. The LTCUSD rate will rise from $ 96 to $ 110.
2. The LTCUSD rate will remain in flat until the end of the day.
An alternative scenario:
The fall of Litecoin rate can occur at any time. The nearest target for this will be near the level of $ 85. That's why we are not rushing with Litecoin deals.
Priority of the day: neutral position on LTCUSD.
Unfortunately, Litecoin rate did not reach the sales zone: $ 110 - $ 105, as we expected. Therefore, we are out of the market today. According to our view of the market: it is too early to buy, the trend has not changed, but it is a bad zone for Litecoin sale too.
Today we are still sure about our forecast for the growth of the quotation of Litecoin to $ 110. If buyers can not break the fall of Litecoin rate, then at the level of $ 92 a bearish trend will continue.
Projected scenarios:
1. The LTCUSD rate will rise from $ 96 to $ 110.
2. The LTCUSD rate will remain in flat until the end of the day.
An alternative scenario:
The fall of Litecoin rate can occur at any time. The nearest target for this will be near the level of $ 85. That's why we are not rushing with Litecoin deals.
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