Litecoin (LTCUSD): Key Level to Watch

25 thg 1, 2022

Bearish rally on alt's continues.
Litecoin lost more than 70% from ATH.

Ahead is strong weekly support.
Taking into consideration that the market is quite oversold,
I am looking for a potential pullback trade from that.

The confirmation that I need is a bullish breakout of a horizontal neckline
of a double bottom formation on 4H time frame (4h candle close above).

Then the price will reach at least 141.5 level.

In case of a new lower low formation on 4H, the setup will be invalid.

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26 thg 1, 2022

Ghi chú

Check my new idea on GBPCAD: