This LTC trade was posted several weeks ago with short trade setup centered around the August 2 LTC halving.
There is a repetitive cycle in which LTC consistently drops leading into its halving event.
LTC peaked at $114 for the best short entry, which was caused by a false narrative that LTC would pump to $130
There was a second chance opportunity to short LTC at $100.
The orange trendline is acting as a key resistance level, but LTC is showing bullishness and has broken this resistance line for now.
The white trendline is acting as support, but this support level has broken already and is weak support.
Target Price
TP 1
I’m looking for some bearishness in August with a drop down to the yellow trendline with an estimated price of $75.
There is a repetitive cycle in which LTC consistently drops leading into its halving event.
LTC peaked at $114 for the best short entry, which was caused by a false narrative that LTC would pump to $130
There was a second chance opportunity to short LTC at $100.
The orange trendline is acting as a key resistance level, but LTC is showing bullishness and has broken this resistance line for now.
The white trendline is acting as support, but this support level has broken already and is weak support.
Target Price
TP 1
I’m looking for some bearishness in August with a drop down to the yellow trendline with an estimated price of $75.
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Join my exclusive Discord community for swing trading, options trading, and long-term investing.
There is a free trial period for the group
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