🚨 LTC/BTC TA and Potential Entry Point Keep an eye on the long-term triangle pattern formation! 📈 With its lower support line acting as a solid price floor, this could be a good chance to enter the market with a potentially attractive risk-reward profile.
#LTC #BTC #Bitcoin $BTC #CryptoInvestment
🔬 Long LTC/BTC #trade explanation: After the halving, despite the surge in hash rate, Litecoin's price has decreased by 25%. However, it is noteworthy that the price has found support along the lower boundary of a long-term triangle pattern. This pattern suggests a potential stabilizing effect and a crucial entry point for traders seeking a favorable risk-reward ratio. #bitcoin #btc $btc #tradingstrategy #ltcbtc #trading
Yeah, it will break the trend line... downwards
💯 Absolutely true 👍. Both long and short trading strategies have the potential to generate profits. However, I want to point out that taking a short position might not be the most effective way to achieve big gains here. Your aim should be to take calculated risks and focus on accumulating more #Satoshis 😉
#bitcoin #btc $btc #TradingStrategies #tradind #trade #litecoin #ltc #ltcbtc #tradingpsicology#SATs #sat #crypto #cruptpcurrency #cryptotrading
Of course there's a 50-50 chance that it will go up or down, but LTC is useless in an environment where layer 2 and layer 3 are developing each day for a better use case.
🚨 Stop loss triggered. The trend line was broken down and retested, the pattern has been invalidated. 🪖👀💩
