LTC/USDT Potential Upward Movement

LTC/USDT Price Long-Term: Bullish

Key Resistance Levels: 222.55, 237.69, 238.00

Key Support Levels: 205.95, 191.98, 164.05

Daily Chart:

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

4-hour Chart:

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.

Signal Idea:

Buy Limit Order @ 207.46

TP 1 @ 222.55

TP 2 @ 237.69

Stop Loss @ 199.96

Trade Safely 🙂