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LTCUSDT Local S/R| Internal S/R| Trend| Price Action

Evening Traders,

Today’s analysis – LTCUSDT- trading towards a key trade location where a bullish reaction is probable,

Points to consider,
- Price Action Impulsive
- Local S/R Support
(.618 Fiboancci, Internal S/R Confluence
- Daily S/R Resistance
- Low Volume

LTCUSDT’s immediate price action is trading towards the Local S/R which is in technical confluence with the Internal S/R and the .618 Fibonacci, allowing for a long bias.

The immediate objective is the Daily S/R, exceeding this level will lead to a trend continuation.

The current volume profile is below average, an influx is highly imminent when testing a key trade location.

Overall, in my opinion, LTCUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps.

Thank you for following my work,

And remember,

“Trade the market in front of you, not the one you want!” – Scott Redler

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