Professional Trading Strategy on Currency $LTC (LTC/USDT)
A strong technical model indicating an upcoming golden opportunity
If you are looking for a promising trade, here is a thorough analysis that combines Dow Theory, Bollinger Bands, RSI, and MACD – to give you a clear vision and an opportunity for a smart market entry.
Comprehensive Technical Analysis:
1. General Trend (Dow Theory):
It is clear that Litecoin has entered an upward trend that started from a low of 63.08 up to 107.05.
Peaks and troughs are rising, indicating buyer dominance and strong buying power.
2. Bollinger Bands:
We have witnessed a clear tightening in the Bollinger Bands over the past weeks, followed by a strong price explosion.
The price is now stabilizing above the moving average and testing the upper limit, which opens the door for further increases.
3. RSI Indicator (Momentum Strength):
Current Value: 60.41 – which is an ideal area to continue rising without overbought conditions.
Positive momentum without exaggeration, keeping the risk at its lowest levels.
4. MACD Indicator:
A positive golden cross with an increasing gap between DIF and DEA.
Green candles are increasing, and the upward trend is becoming clearer.
Entry and Exit Plan:
Entry 1: at 99.00 USDT (Short-term Support Area)
Entry 2: at 95.60 USDT (Strong and Strategic Support)
Take Profit 1: 108.00 USDT
Take Profit 2: 115.00 USDT
Stop Loss: 92.50 USDT (Calculated Risk Management)