Litecoin an opportunity to buy?

Possible purchase in the pair of LTC / USD within a timeframe of 1 hour we can be seen that the price made a strong upward projection in addition to this projection is accompanied by the volume, but within this fall, the price does not show a volume that accompany him. There is a possibility that the price is taking a break and then continue to rise, in the following attached image indicating the volume, projection and correction.

Now if we start one of the tools that I personally use too much, the price coincides with a level of retracement in fibonacci, which is called the golden ratio or phi number or 61.8, usually when the price is at this level there are possibilities that the price will rise again depending on the trend, also if we add another tool known as pivot points, the price is at the daily pivot point so it is possible that a new upward projection is presented, it is only likely that happen in the next hours, in the following image you can see the fibonacci retractment.

At the time this blog is written, the price ranges from $ 209.42 USD and if you enter to buy we can have a possible goal of $ 213 USD per unit which would represent a gain of approximately 1.75% on your capital. in case the price continues to fall, it will be necessary to close the loss at 206.85 of which it would represent a loss of 1.25% of its capital.

Disclaimer: make decisions at your own risk, this type of operations can lead to total or partial loss of your capital.