As you remember we were looking for buying opportunities on Litecoin after a bullish breakout of a major supply cluster.
Retesting the broken supply area, the market is approaching a peculiar confluence zone at the moment. We see a perfect match between a horizontal daily structure support and a rising trend line.
Our confirmation is the double bottom formation with a neckline breakout on hourly time frame.
Initial target - 228
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what do you think?