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LTC/USDT Potential Upward Movement

LTC/USDT Long-Term Trend: Bullish

Key Resistance Levels: 264.00, 265.00, 266.00

Key Support Levels: 226.49, 194.97, 169.05

Daily Chart:

The price on the higher time frame was in a clear uptrend where it managed to break a strong resistance @ 226.49 USDT with a big bullish candlestick. As well, we noticed that we are trading inside a bullish channel formation.

LTC/USDT Medium-Term Trend: Bullish

4-hour Chart:

On the 4-hr time frame, the price is trading inside a bullish channel formation, and the price currently is forming a correction. This retracement may end at the area of confluence between the 50% Fibonacci retracement, the lower end of the channel and the strong support. This could lead to a move upward again in the same direction of the main trend.

Signal Idea:

Buy Limit Order @ 240.43

TP 1 @ 258.42

TP 2 @ 264.00

Stop Loss @ 231.54

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. My country doesn’t allow to pay through PayPal nor stripe for the vip can I use skrill?

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