This article reviews the current price status of three cryptocurrencies: ETC, LTC, and SUI, and provides recommendations for entry and exit positions.
Price Analysis of ETC
The price of ETC has been steadily rising since July 5, breaking out of its descending channel. Currently, the price stands at $18.57. A short-term correction is expected, presenting a potential buying opportunity.
The recommended entry range is between $16.5 and $17.3, which corresponds with a high trading volume zone and approximately aligns with Fibonacci levels 0.5 to 0.707.
Take-profit levels can be set at $18.5, $19, and $20. The stop-loss should be determined based on individual risk tolerance, with a minimum at $16.2.
Price Analysis of LTC
LTC broke above its descending trendline but encountered resistance near the descending channel, currently trading at $95.2. After a sharp rally, a short-term correction is common, offering a buying opportunity.
The recommended entry is in the high trading volume zone of $85 to $88, roughly aligning with Fibonacci levels 0.5 to 0.618. Take-profit levels can be set at $95, $100, and $105. The stop-loss should be set based on individual risk tolerance, ranging from $84.9 to $82.3.
Price Analysis of SUI
SUI recently surged and decisively broke out of its descending channel, signaling a potential trend reversal. If the price retraces to test support in the short term, it presents a buying opportunity.
The advised entry is in the high trading volume zone between $2.85 and $3. Take-profit levels can be set at $3.5, $3.84, and $4.25. The stop-loss should be set based on individual risk tolerance, ranging from $2.79 to $2.74.
The cryptocurrencies ETC, LTC, and SUI exhibit interesting trends related to their current prices and market movements. The choice of entry points, profit-taking, and stop-loss levels will depend on individual strategy and risk tolerance.
