LTC/USD Trading Analysis (21/01/2025)
The trend is up. The coin is trading in the range between 365 and 135 ЕМАs. The downward wave structure is truncated. The Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 112.82940.
- Price targets at 124.6110 and 138.4886.
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