Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

Litecoin Analysis & Trading Plan - 29 Oct 2024 #forex #trading #crypto #forexsignals #fyp #shorts

29 Oct 2024 · 1 min

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Vladimir Ribakov sees a bullish setup in Litecoin on the 4-hour chart: three consecutive higher highs and lows, plus a MACD divergence at Fibonacci support. His plan is to buy dips as long as those support levels hold.

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Here is why I believe Litecoin is buy the dips. On the 4-hour chart, fantastic bullish price structure: 3 higher highs, higher lows in a beautiful bullish trending condition. After that, the correction or pullback happens to be in 2 waves and ends with a bullish divergence. The 2 waves create 2 lower lows while the MACD makes higher lows, and the pullback holds the Fibonacci Levels. As it bounces off the Fibonacci, it is making three higher highs, higher lows on the one-hour chart. That's a bullish price structure, which means buy the dips would be our trading plan as long as these Fibonacci levels hold.