On December 22 we were long on the inevitable peace deal, while the rest of the world was salivating at the idea of a ruble collapse. 3 out of 4 take profits hit. this was a free trade and 30% is a lot in forex. speculators bit concrete, peace wins along with my followers. trade remains open but we closed already the big sizes.
Litecoin (LTCUSD) remains in a neutral stance, as price action continues to trade within a longer-term sideways range. The key trading level at 940.00 will play a crucial role in determining the next directional move. Key Levels to Watch Resistance Levels: 1,120, 1,217, 1,320, 1,374 Support Levels: 859.00, 816.00 Bearish Scenario If LTCUSD fails to bounce back from 940.00 and faces rejection, a downside move could emerge. A sustained decline below this level may trigger selling pressure, targeting 859, followed by a potential retest of the 816.00 psychological support over the longer timeframe. Bullish Scenario A decisive bounce back from the 940.00 support level, confirmed by a daily close higher, would shift sentiment toward a bullish outlook. This could open the way for further gains, with upside targets at 1,120, followed by 1,217 and1,274 in an extended rally. Conclusion LTCUSD is currently consolidating within a neutral range, with 940.00 acting as a key pivot level. A rejection from this zone could reinforce bearish pressure, while a breakout above 1,120 could confirm bullish momentum. Traders should monitor these levels for confirmation of the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Recent price action in Bitcoin (BTCUSD) suggests an oversold bounce, with resistance capping gains at the 88,000 level. The continuation of selling pressure could extend the downside move, with key support levels at 76,112, followed by 74,222 and 67,260. Alternatively, a confirmed breakout above 91,900, accompanied by a daily close higher, would invalidate the bearish outlook. In this scenario, Bitcoin could target 95,126, with further resistance at 98,500. Conclusion: The price remains at a pivotal level, with 88,000 acting as a key resistance. Failure to break above this level could reinforce downside risks, while a breakout could shift momentum back in favor of bulls. Traders should watch for confirmation signals before positioning for the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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