Litecoin Has Formed Bullish BAT Pattern And Ready For Upto 42% Profit Move

Hi friends hope you are well, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Litecoin. The Priceline of LTC has formed bullish BAT pattern and entered in potential reversal zone and ready for bullish reversal soon.


Let’s have a look on the LTC move:



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After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. We also have a 100 simple moving average in PRZ level that can be a strong support to push the price action up to 42%.






Buying And Sell Targets:


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


Buy between: $57.85 to $54.63




Sell between: $65.99 to $78.08 


 


Stop Loss:


The potential reversal zone area which is up to $54.63 can be used as stop loss in case of complete candle stick closes below this level.


 


 



 

COMMENT

20

preview not available Esma Sid
29 Feb

Unlike bitcoin and ethereum litecoin has its own way of going up and down👍

9 REPLY

17

moon333 Atif Akbar
01 Mar

Yes Asma, even it has more prophit margin than ethereum and btc even on small moves

1 REPLY

11

Micheal Adelabu
29 Feb

Litecoin has good prospects. 

7 REPLY

17

moon333 Atif Akbar
01 Mar

Yup Adelabu, it has always good prospects of profits

0 REPLY

9

Ijele Godwin
29 Feb

Wow this is good time to buy but I would suggest one place a buy stop above the end of the bat shape to be safe

5 REPLY

17

moon333 Atif Akbar
01 Mar

Thats also nice suggestion, coz end of the BAT pattern can be strong resistance, i will also try to sell here

0 REPLY

12

Ademigoke Emmanuel
29 Feb

Wow!! What a great time to invest INLTC with this analysis I believe profit is guaranteed at the end. Nice information and tips. Keep it up 

5 REPLY

17

moon333 Atif Akbar
01 Mar

Thanks, Ademigoke I will be keep posting such profit potential ideas

1 REPLY

16

Princess Of the world
29 Feb

Very Good and Litecoien is going with profits it was very disappointed and I am glad because this platform is good and going well.

4 REPLY

17

moon333 Atif Akbar
01 Mar

Yup Kashif it is goin for profit now very soon from this PRZ level

0 REPLY

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