LTC/UDST Long-Term Trend: Bearish
Key Resistance Levels: 241.37, 284.28, 317.27
Key Support Levels: 207.41, 169.29, 157.11
The price on the higher time frame showed signals of a potential reversal. the price is about to change its direction from an uptrend to a downward one by breaking the bullish channel to the downside.
LTC/UDST Medium-Term Trend: Bearish
On the 4-hr time frame, the price succeeded to break the bearish flag pattern to the downside and now it is forming a higher correction count to the lower end of the channel which coincides with a strong resistance. A continuation of the main trend is expected to the downside after this move.
Sell Limit Order @ 239.47
TP 1 @ 208.82
TP 2 @ 207.41
Stop Loss @ 254.62
Trade Safely 🙂