Trading plan: LTCUSD (Litecoin)
Litecoin rate has grown drastically.
Priority of the day: neutral position on LTCUSD.
Analysis of the daily chart of Litecoin shows the presence of a bearish trend. Since we are working with the trend, we do not open any deals to buy Litecoin.
Today, we expect a slight correction of the quotation of Litecoin to $ 110.
Projected scenarios:
1. The LTCUSD rate will rise from $ 97 to $ 110.
2. The LTCUSD rate will remain in flat until the end of the day.
An alternative scenario:
A bearish trend is in force, so the quotation of Litecoin may fall to $ 85.
Priority of the day: neutral position on LTCUSD.
Analysis of the daily chart of Litecoin shows the presence of a bearish trend. Since we are working with the trend, we do not open any deals to buy Litecoin.
Today, we expect a slight correction of the quotation of Litecoin to $ 110.
Projected scenarios:
1. The LTCUSD rate will rise from $ 97 to $ 110.
2. The LTCUSD rate will remain in flat until the end of the day.
An alternative scenario:
A bearish trend is in force, so the quotation of Litecoin may fall to $ 85.
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