Trading plan: LTCUSD (Litecoin)
Litecoin rate is squeezed in a narrow flat.
Priority of the day: neutral position on LTCUSD.
We are out of the market today because volatility has fallen and the downwards momentum has slowed down. Litecoin rate most likely will continue its decline following the trend. However, entering market right now is very dangerous because at any time there can be a strong bounce of Litecoin rate upwards.
Projected scenarios:
1. The rate of LTCUSD will decrease from $ 106 to $ 102.
2. LTCUSD rate will rise from $ 106 to $ 116.
An alternative scenario:
Another day of flat for Litecoin rate. We are resting today together with the crypto market.
Priority of the day: neutral position on LTCUSD.
We are out of the market today because volatility has fallen and the downwards momentum has slowed down. Litecoin rate most likely will continue its decline following the trend. However, entering market right now is very dangerous because at any time there can be a strong bounce of Litecoin rate upwards.
Projected scenarios:
1. The rate of LTCUSD will decrease from $ 106 to $ 102.
2. LTCUSD rate will rise from $ 106 to $ 116.
An alternative scenario:
Another day of flat for Litecoin rate. We are resting today together with the crypto market.
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