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sunnyk92
Jan 11, 2021 9:42 AM

LTCUSD outlook  

Litecoin / United States DollarCoinbase

Description

After a recent surge in price some form of relief/correction was expected. Price is still overall bullish until we break further structure where we may see momentum shift.

I require nice daily breaks followed by continuation patterns on the lower timeframes to confirm both possible trades.

Trade safe!
Comments
sorooshjb
Is it going to rise?
sunnyk92
@sorooshjb, The daily support is still holding and the initial bullrun push was significant in comparison to the huge drop. I think it depends technically if this support holds. If it breaks I see another leg to the downside and if it doesn't I see potential visit to the recent highs again.

Trade safe :)
AlkalineFX
Yep you killed it!
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