ForexGent

can litecoin break downtrend?

Long
BITFINEX:LTCUSD   Litecoin / U.S. Dollar
we are seeing bullish movement in the crypto market, but for us as traders we like price to break areas of sensitivity and zones so then we know that there is no areas of sell pressure that is going to stop price hitting our final take profit. so what we will be waiting for on litecoin for us to be interested is a bullish engulfing candle that breaks the downtrend and also the monthly zone, then we will look to place a buy limit order to have a trade to the next level of major sell pressure.
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