OGFXTRADER

LTCUSD D1 LONG PRICE ACTION FORECAST

Long
BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Price action is currently under bearish forces, heading towards the rising trendline for a retest and bounce to upper levels. We could appreciate a compelling bullish momentum in most cryptos as they already test their support levels.

Then is Litecoin can manage the breakout of the resistance level from the rising triangle formation, this could bring the price to the 62$ handle

The order:
Type: buy-limit
S/L: 320 pips - R:R | 1:2.7 -
T/P: aiming towards the resistance from the ascending triangle .

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