TrendFather

LTC trade idea

BITFINEX:LTCUSD   Litecoin
Scenario 1: Rollback to zone 53 - 52 (there is increased liquidity), after which the price breaks through support and goes to 49. There will most likely be a rebound from there.
Scenario 2: Price rollback to zone 53 - 52, after a rebound to 55 (resistance level). This rebound will be due to a good volume, which will be above average. If the price fixes above the level, then most likely there will be a price increase further to the zone 55 - 57. If it does not fix, then the flat movement.
Trade closed: target reached
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