LTC/USD Breakout Above the Trendline is Expected

2 min read
tarantula fx

tarantula fx

Head of Trading

LTC/USD Technical Analysis

  • The break above Q L3 is expected
  • M H3 is the first target
  • M H4 the final target on daily

Daily Chart LTC/USD

  1. Swing low
  2. Swing high
  3. Entry zone
  4. Target

The LTC/USD is still bearish. However the price should be moving up. Breakout is expected. If we see a breakout then 121.45 is the next target. Above we should see 132.74. If the market manages to stay above the M L3 98.85 then bulls are in advantage. The price is at support and we should be seeing a bounce as cryptos are also becoming defensive assets.

Good trading,
Nenad Kerkez

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