Technical analysis by hondsny about Symbol LTC: Buy recommendation (7/26/2023)

hondsny

LTCUSD - Halving 7 days away - Trade now on DXS.app LTC halving is 7.5 days away, so this then reduces mining reward from 12.5LTC to 6.25LTC per block. Historically POW coins used to increase in price after halving, so maybe this time, it could be the same. Going to wait to trade out as a pose to jumping in (me 6 month ago would have market opened and hope for the best. We need to stick to our trading plan, I rather miss the trade than get stopped out. 1. Set alert: $87.09 2. Wait for 1D close LONG ENTRY: +/- 87.09 - stay tuned - once it closes today above $87.09, a follow up analysis will follow with better parameters S/L: $80 (+/- for now) T/P: $116 (+/- for now) R/R: $4.1 (+/- for now) DXS is a CFD trading platform that allows traders to speculate on price movements in 100s of different markets. DXS traders can open positions on crypto, commodities, stocks, indices and forex using up to 100x leverage. This platform allows users to trade directly from their Web3 wallet. As a result there are no deposits or withdrawals on DXS. Trade now on dxs.app for as little as $0.01