On the long-term weekly chart, the price action of the Litecoin has almost completed last leg of bullish Butterfly pattern and soon it will be entered in potential reversal zone. I have placed the pattern up to 1.618 Fib only for the educational purpose otherwise it is not possible that the priceline may enter in negative zone. Previously I shared an idea of litecoin’s big bullish BAT, so the maximum extent of the potential reversal zone can be considered as the maximum buying zone for this Butterfly move as well.
Stop loss:
The maximum extent of the potential reversal zone can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 400%, and the loss possibility is only 19%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
patreon.com/moon333
Stop loss:
The maximum extent of the potential reversal zone can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 400%, and the loss possibility is only 19%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
patreon.com/moon333
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