Potential Bullish play awaited on LTCUSD, very clear resistance turned support play with a strong bullish trend line bounce. Expect bullish play post potential corrective move to the downside, either to the lower bullish trendline or break and re test of the current bearish trendline to target price ranges of around 125.
Trade closed manually
After Litecoin failed to break with good volume and high momentum, LTCUSD has finally broken to the downside. A new trend line has been created to the downside and price has broken to the downside with heavy momentum and good enough volume with a resistance zone to the upside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.