From the Technical Perspective:
1. From the Monthly perspective, LTC/USD currently is break above the major level of resistance (228.21), but the Monthly candle haven't close yet, we will be waiting the candle close after 2 days, then only can confirm the direction. If close above the resistance area, bullish confirmation, vice versa.
2. From the Weekly perspective, LTC/USD created an impulse to the upside followed by a correction. We can expect a continuation to the upside.
3. From the Daily perspective, LTC/USD created an impulse to the downside followed by a correction. We can expect a continuation to the downside.
4. Overall direction from the Multi-Timeframe Analysis: NEUTRAL, more bias on BULLISH.
How to approach LTC/USD?
1. Monitoring the lower timeframe at the moment, waiting for the market to switch from the bullish market to the bearish market, then we can looking for the short-term short opportunity, if your rules of the strategy are fulfilled.
2. Since the lower-timeframe is indicating bullish market at the moment, multiple HH and HL has been formed, we cannot short the LTC at the moment.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on LTC/USD or which pairs you would like to me analyze in the future.
Kindly visit my profile and get more free analysis every single day.
1. From the Monthly perspective, LTC/USD currently is break above the major level of resistance (228.21), but the Monthly candle haven't close yet, we will be waiting the candle close after 2 days, then only can confirm the direction. If close above the resistance area, bullish confirmation, vice versa.
2. From the Weekly perspective, LTC/USD created an impulse to the upside followed by a correction. We can expect a continuation to the upside.
3. From the Daily perspective, LTC/USD created an impulse to the downside followed by a correction. We can expect a continuation to the downside.
4. Overall direction from the Multi-Timeframe Analysis: NEUTRAL, more bias on BULLISH.
How to approach LTC/USD?
1. Monitoring the lower timeframe at the moment, waiting for the market to switch from the bullish market to the bearish market, then we can looking for the short-term short opportunity, if your rules of the strategy are fulfilled.
2. Since the lower-timeframe is indicating bullish market at the moment, multiple HH and HL has been formed, we cannot short the LTC at the moment.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on LTC/USD or which pairs you would like to me analyze in the future.
Kindly visit my profile and get more free analysis every single day.