My recent ETH swing trade long was exited for a smaller profit. I wrote about a that is still in play. Litecoin has the same situation. 124 is the location of the and price has rejected it.
Here is one paragraph of my LTC report that I published on S.C. earlier today:
"Keep in mind the 138 resistance (.382 of recent structure) is what price needs to compromise in order to prove that momentum on the larger magnitude is in effect. Until this occurs, potential is limited and why it is a good idea to be conservative with swing trade profit targets when the next buy signal appears."
There is also a reversal zone boundary defined by the 128 level. As long as this lower high formation stays intact, it is reasonable to expect a retest of the low 100s.
In summary, as price attempts to revisit the recent low, we will be watching for reversals. Particularly in the 105 to 100 . This is where the highest probability exists for a . The idea is to capture a piece of the next retrace higher, and possibly hold if it evolves into a larger time frame trade.
Rebound to 170 - 180 range
Come end of June we're looking at 500+
Start New Phase
Dead cat#1: 304.00
then down to: 100.20
Dead cat#2: 251.90
then down to: 109.27
Dead cat#3: 182.35
then down to: 110.00
Start New Phase = moon again