LTC/USDT Price Long-Term: Bullish
Key Resistance Levels: 222.55, 237.69, 238.00
Key Support Levels: 205.95, 191.98, 164.05
The price is trading within a bullish channel formation which indicates that we are in an uptrend. Currently the price managed to break the daily resistance @ 205.95 USDT mark with a big bullish candlestick.
LTC/USDT Medium-Term Trend: Bullish
On the 4-hr time frame, the price posted a correction count to the new daily support (previously resistance), and now it is trading above it. Our expectation is a slight bounce again to this level and then a rally toward the 222.55 USDT Mark.
Buy Limit Order @ 207.46
TP 1 @ 222.55
TP 2 @ 237.69
Stop Loss @ 199.96
Trade Safely 🙂