LTC/USDT - Swing Position
2024-12-06

Date: 06/12/24

 Name: LTC/USDT 

 	Market cap
$10.41B
4.92%
Volume (24h)
$2.93B
53.12%
FDV
$11.58B
Vol/Mkt Cap (24h)
28.28%
Total supply
84M LTC
Max. supply
84M LTC
Circulating supply
75.27M LTC


 

 Daily Time Frame – Swing Position – Long! 

 Reasons to be Bullish Case:  
 1)	Structure:  Market Structure shift
 2)	Current phase:  Strong Bullish momentum,  Trending upwards 
 3)	Overall trend:  Continuation of Bull Trend.
 (4) Internal:  Structure Shift towards upside, no pullbacks yet, sky rocketing
  (5) Important Key notes:  . 
- 978 days consolidation break out, 
- Currently holding Previous resistance as its support and key level on Daily Time frame range.  
 Worst case Senerios:   
4)	Bitcoin is currently at All time high, liquidation flush remaining ($75k – $80k)
5)	Due to liquidity generated and Demand zone sitting below.
6)	if $11.4.26  is not hold, then we can see further buying opportunities on marked point of interests. 
7) 	Invalidation below $82.71

 Trade Plans:  
BUY CMP: $138
DCA: $102 - $89

 Invalidation:  $82.71

 Trend Based Fibionacci Targets:  
Target 1: $ 424.82
Target 2: $ 663.24
Target 3: $ 810.61
Target 4: $ 1049

 **This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
 
