LTCUSD saw a break out from its consolidation and resistance near the $250 level, a higher low near the $230 support will confirm a Bullish reversal and we will start heading to price targets at $285 and $325. A breakdown from $230 can lead to $190-200 levels which are more attractive entry levels for long positions. The market will dictate if now is the time for reversal, patience is key here, buying the break of $250 can also be a profitable strategy.
Trade closed: target reached:
$285 target hit
fomo volume can send the price higher
Potential for pullback to $260 range before next run to $325
Congrats to those who traded
fomo volume can send the price higher
Potential for pullback to $260 range before next run to $325
Congrats to those who traded