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UnknownUnicorn52780235
Mar 25, 2023 1:06 PM

#LTCUSD- APPROACHING PREMIUM AREA TO SELL  Short

Litecoin / United States DollarCoinbase

Description

Happy Weekend, Prices of the crypto has been bullish since we have got to know about USA BANKING CRISIS making DXY and other currencies vulnerable therefore for shorter term we would be expecting price to continue rising until it reach out area of reversal where we can sell for swing entry.

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Comments
trader-123456
Hi, I would be careful that this rally doesn't end here, but maybe I'm wrong.
Setupsfx_
@trader-123456 technical side yes there is possible price may fall a bit more, but we should not forget about the ongoing economic turmoil throughout the world especially when it is linked with usd itself. Crypto and Metals have been bullish since the outbreak of BANKING CRISIS came out.
trader-123456
@Setupsfx_, Yes, this is just my opinion and I could be wrong, but I can see that the small bottom was only enough for the bear market rally and according to the broken trendline, it may be over.
A bull market needs a longer accumulation at the bottom.
LegionQ8
Nice Technical Analysis, I agree
UnknownUnicorn52780235
@LegionQ8, thank you
SwallowPremium
Interesting thinking. Thank you!
UnknownUnicorn52780235
@SwallowPremium, thank you
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