curtmelonopoly

Litecoin likely bounce near here for chart structure Chart notes

Long
COINBASE:LTCUSD   Litecoin / U.S. Dollar
Litecoin will have to bounce near here if chart structure to remain in place. $LTC

If it doesn't bounce near up channel support (yellow diagonal line) it could run another trading quad area down very easily.

I'm bias a bounce but... price action should rule and don't forget the 200 MA is overhead if it does bounce. That will become significant upside resistance test if price gets there.

Huge risk reward advantage here for bull side trade.

For more detail on the time cycle peaks for your trade, price targets, and support and resistance points relating to your personal trading plan contact me with any questions you have.

Best and peace!

PS Remember to trade price - if the trade goes against you it is always better to take a small loss than be married to a bad chart / stock.

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