A ton of Thanks for all the support.
Please like this post before you start reading this. It motivates me to work on more charts everyday for you all.
Coming back to the chart:
LTC/BTC has been moving under a channel since a very long time.
Currently the 200 MA along with the upper resistance is acting as a point if resistance. If we manage to break the resistance then the green dotted lines will be the possible target areas I’ll be looking for. I’ll long the retest of the channel breakout. If we get the right and momentum it’s highly likely that we will breakout of the channel soon.
If this idea gets invalidated I will let you know before hand.
As soon as the we. Break the I’ll let you know the exact entries and SL for this trade setup.