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LTCUSD in Accumulation Zone

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COINBASE:LTCUSD   Litecoin

LTCUSD

LTCUSD has established a breakout pattern and has begun its Retracement phase.
-23.6 fib level is a common buying level. Between the Zero fib line and -23.6 is an Accumulation Zone for Buyers.

Bullish price projections expire by February and March 2018.

Neutral position on this asset until price falls deeper into -23.6 level. Then Long would be the bias.
Komen:
Long play is approaching the 223% level, which is a common exhaustion level. Should price close above and maintain that level on a daily close, look for hints of further expansion to the 309-323% level.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.