Litecoin (LTC) Is Giving Another Long Opportunity For Upto 12% Profit By Forming Bullish Shark
Litecoin (LTC) Is Giving Another Long Opportunity For Upto 12% Profit By Forming Bullish Shark

By moon333 | moon333 | 8 Mar 2020


Hi fox hope you are well, here I have found another profit potential trading idea for you and this time on 6 hour chart the Litecoin (LTC) is forming bullish Shark pattern and soon it will be entered in potential reversal zone to move up.

The Pattern:

After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move.

OV24QE5EClick here to visit tradingview to see complete chart

 

 

Buying And Sell Targets:

The buying and sell targets according to harmonic Shark pattern should be:

Buy between: $56.78 to $55.22

Sell between: $58.56 to $62.15 

 

Stop Loss:

The potential reversal zone area which is up to to $55.22 can be used as stop loss in case of complete candle stick closes below this level.


moon333
moon333

Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


moon333
moon333

Hi my name is Atif Akbar and I am one of the top 3 authors of cryptocurrency trading charts as per tradingveiw I publish there with my username moon333 to verify you can visit: https://www.tradingview.com/markets/cryptocurrencies/ideas/ I also publish the charts of different other assets like forex, commodities, CFDs Stocks e.t.c. Here you will find perfect predictions on different trading assets.

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