Golden cross? Check! Major EMA's as support? Check! Above cloud? Check! True golden cross? Check! FA catalyst! Check! Halving ;) Positive sentiment? Check?
Bulls are in control! LTC will break out imo. However this is not the moment to go for a long position IMO. Let it retrace to .236 or even better .368 fib level. Once LTC breaks out, other high caps will follow.
Always practice money management!
Remember the market made a promise to all of us. It will eventually reward patient people!
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And if you have other (opposite) ideas regarding LTC, please share. I see this as enrichment ;)
How can you to which Fibonacci it will retrace to?
CryptoTraderXL
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@nagihatoum, Nobody knows tbh. It is al based on probabilities and not certainties. It is very common that an asset retraces to 0.382 fib level, in crypto 0.786 is not an exception at all. But looking to momentum, halving of LTC, I think .386 is the max. If I am wrong which happens quite often, then I have my Stop Loss to limit the damage :)