LTC/USDT Long-Term Trend: Bullish
Key Resistance Levels: 282.51, 317.27, 320,00
Key Support Levels: 248.19, 242.32, 207.41
The price on the higher time frame was trading inside a wedge formation before managing to break it to the upside. A lower correction has been posted to the daily support where we might see a move upward again in the same direction of the main trend.
LTC/USDT Medium-Term Trend: Bullish
On the 4-hr time frame, the coin posted a double bottom which helped the price to reverse. Now the market is above the neckline of this pattern and is trading in sideways. Further move upward Is expected toward our mentioned target profit.
Buy Market Order @ 258.57
TP 1 @ 282.51
TP 2 @ 317.27
Stop Loss @ 246.88
Trade Safely 🙂