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LTC/USDTPERP Potential Upward Movement

LTC/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 179.48, 207.21, 208.00

Key Support Levels: 156.25, 145.11, 117.44

Daily Chart:

The price on the higher time frame succeeded to break a strong daily resistance around the 156.52 USDT mark, and posted an engulfing bullish pattern above it signaling that most probably the market will continue its upward movement in the coming hours.

LTC/USDTPERP Medium-Term Trend: Bullish

4-Hour Chart:

On the lower time frame, the price succeeded to break the bullish flag formation to the upside. A lower correction could be seen to the highlighted zone before it will be pushed by the buyers all the way up toward the target profit.

Signal Idea:

Buy Limit Order @ 168.09

TP 1 @ 179.22

TP 2 @ 207.21

Stop Loss @ 164.45

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.

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