$LTC /USDT chart, Litecoin is showing signs of recovery from a local low ($95.58) and currently trading at $98.40.
Let’s build a scalping long trade plan from here.
⚙️ Scalping Trade Plan (Long Position)
Entry Point (EP): $98.30
(Slightly below current price for better fill; near MA(7) support zone)
🎯 Take Profit Levels (TP)
TP Level Price Target (USDT) Approx Gain (%)
TP1 $98.60 +0.30%
TP2 $98.90 +0.61%
TP3 $99.20 +0.91%
TP4 $99.50 +1.22%
TP5 $99.80 +1.53%
🛑 Stop Loss (SL)
Stop Loss: $97.80
Risk: ~0.51%
Reason: Below local support + recent consolidation area
💰 Risk Management Example
Account Size: $1,000
Risk (1%): $10
SL range: $98.30 – $97.80 = $0.50
Position Size: $10 / $0.50 = 20 LTC
→ Trade value = $1,966 (use leverage if needed)
📊 Technical Insights
Price just crossed above MA(7) and MA(25), trending upward
Volume is increasing, which supports upward momentum
Resistance near MA(99) ≈ $99.50 — TP4/TP5 are aggressive targets
