Sunday, October 31, 2021

LTCUSD - swing trade - BUY all dips below $190, sell at $220


 LTC looks really good in terms of short-term, medium-term, and long-term trades. 

(a) Short term - buy any dips below $190 and sell when it reaches $220.

(b) Medium-term - LTC is in sub-wave 1 of Wave 3. Ultimate Wave 3 target is $270. But, once the leading diagonal of wave 1 is complete, a great buying opportunity is expected as per my analysis in wave 2. The ideal buying zone will be $170-$180 with a stop loss below $159. I am eagerly waiting for the opportunity to ride LTC from $170-$180 to $270.

(c) Long-term - Buy LTC at $170-$180 in sub-wave 2 of Wave 3. Wave 4 will be shallow and then another impulse wave up (Wave 5) will take LTC to conservatively $350-$400. Possible time target - sometime in 2022. The ride won't be smooth but who wants a smooth ride trading crypto?

Similarly, buy all ETHUSD below $4200. 

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