Trading plan: LTCUSD (Litecoin)
Litecoin rate fell sharply to $ 80.
Priority of the day: buy LTCUSD with a target of $ 89.
The fall of Litecoin rate should end near support levels: $ 83 or $ 80. In our opinion, there should be a bounce of Litecoin rate upwards, with the immediate target of $ 89.
You can not rule out the option of the Litecoin rate fall continuing up to $ 78, because the trend is still bearish.
Projected scenarios:
1. The LTCUSD rate will rise from $ 83 to $ 89.
2. The LTCUSD rate will decrease from $ 83 to $ 78.
An alternative scenario:
There can come balance of forces of Litecoin buyers and sellers then we will observe flat today.
Priority of the day: buy LTCUSD with a target of $ 89.
The fall of Litecoin rate should end near support levels: $ 83 or $ 80. In our opinion, there should be a bounce of Litecoin rate upwards, with the immediate target of $ 89.
You can not rule out the option of the Litecoin rate fall continuing up to $ 78, because the trend is still bearish.
Projected scenarios:
1. The LTCUSD rate will rise from $ 83 to $ 89.
2. The LTCUSD rate will decrease from $ 83 to $ 78.
An alternative scenario:
There can come balance of forces of Litecoin buyers and sellers then we will observe flat today.
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