LTCUSD broke its Daily trend line AND is working the Monthly Kijun Sen level (purple line). Note how the Weekly Kijun Sen who felt abruptly and pressing on the price.
If breaking the Monthly Kijun Sen is confirmed, then an new entry point for LTCUSD is possible for those who are not yet in. Invalidation point below the Monthly KS (purple line). Proceed with cautious, cryptos are always very volatile.
If breaking the Monthly Kijun Sen is confirmed, then an new entry point for LTCUSD is possible for those who are not yet in. Invalidation point below the Monthly KS (purple line). Proceed with cautious, cryptos are always very volatile.
Comment:
First TP at the Weekly Kijun Sen level @ 258.78. Breaking that level will probably signal a new rally.
Trade closed: target reached:
Target Reached. Profit.
A rally from the Weekly KS is possible if the break is confirmed and after a test only.
A rally from the Weekly KS is possible if the break is confirmed and after a test only.