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LTCUSD D4: Key S/R levels and zones(OVERVIEW)(NEW)

Long
COINBASE:LTCUSD   Litecoin / U.S. Dollar
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LTCUSD D4: Key S/R levels and zones(OVERVIEW)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect
more gains short-term in this market.


🔸 Summary and potential trade setup
::: LTCUSD D4 chart review/outlook
::: overview of key S/R levels
::: 116 is 786 of AB swing previously
::: 116 USD heavy/confirmed resistance
::: 78 USD final resistance and
::: also heavy supply zone
::: short-term more gains possible
::: up to 25/30% before reversal later
::: BEARS get ready to SHORT FROM OVERHEAD
::: LTCUSD is correl with BCHUSD
::: recommended strategy: SHORT IT/HOLD
::: wait for rejection from overhead
::: TP BEARS +40/50% gains
::: correction mode soon
::: higher risk strategy: BUY/HOLD at market
::: Bulls exit later near 115/120 USD
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/REVERSAL
::: Sentiment outlook short-term: BULLS
Comment: up to 25/30% before reversal later
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Comments

Litecoin has finally reached the 116 resistance level. Is it going to come down to 78? What your view?
Reply
hi
Reply
ferGOD ferGOD
Reply
next target is 120 in mid term, that is sensible
Reply
Nice analysis, well done!
Reply
I totally agree with your analysis. Thanks for sharing!
Reply
+++ 🦐
Reply
up to 25/30% before reversal later
Reply
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