Hi dear patrons, hope you are well and welcome to the new update on Litecoin (LTC). On the 2-week time frame chart, the price action has formed a big Cypher pattern. There is also 25 and 50 simple moving averages supports in the buying zone.
Buy and sell targets: Buy between: $144.48 to $91.49
Sell between: $186.18 to $286.33
Stop loss: The maximum extent of the potential reversal zone $91.49 can be used as stop loss.
Possible profit and loss ratio: As per the above targets, this trade has a big profit possibility of 212%, and the loss possibility is 37%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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