Art_of_Trading

LTCUSD: Potential Bat Pattern - LITECOIN

Long
BITFINEX:LTCUSD   Litecoin
The LTCUSD price did not drop much compare to other cryptocurrencies. It fell last few days, but had a steady raise in mid February. However, the sellers got control the price in the last few days. If it continues dropping it may create a good opportunity to go long.

There is a structure low at 107 and which acts as support level. The large orders usually placed on those key levels. In addition, the price may form the bat pattern which increases the probability of this setup.
T1- 38.2%
T2 – 61.8%

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