Re-entry long LTC was along the $41.77 support line, noticed that price wicked down to $39.25 to a T and held it respectively.
Now price is bouncing back above this 3-year long uptrend , which is drawn from the start of the 2017 bull trend and has been validated over time.
Super bullish wick off that trend, doji candle but I wouldn’t be surprised if there was another test of this uptrend or even the $40 psychological support level LTC and all the other major pairs are getting smacked in terms of BTC pairs. We’re just trading USDT pairs for now in the premium channel
Conservative sell target is the bottom candle of the previous swing high at $48.58
2nd sell target is the top of the previous swing high at $50.67
From that point when LTC makes par with previous swing highs, I’ll reevaluate my position and see where we are from there.
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