LTC has been trading down and retesting lows like most other cryptos.
Entered a short (yesterday) at 87.87$ and will look for a retest of the mid range and possible continuation to the downside.
Expect price to cap around the 15min void gap (blue box) before continuation.
Hard stops above the current mid range -- 88.62$
Will look to add shorts below 86.60$. New shorts can be opened at the same level with invalidation above 88.45$
Entry (personal) 87.87$ I Entry market (aggressive) I Entry below 86.60$ (conservative)
TP 86.60$
TP 85.20$
TP 84$
SL (aggressive) above 88.45$ I SL (conservative) above 88.62$
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
Entered a short (yesterday) at 87.87$ and will look for a retest of the mid range and possible continuation to the downside.
Expect price to cap around the 15min void gap (blue box) before continuation.
Hard stops above the current mid range -- 88.62$
Will look to add shorts below 86.60$. New shorts can be opened at the same level with invalidation above 88.45$
Entry (personal) 87.87$ I Entry market (aggressive) I Entry below 86.60$ (conservative)
TP 86.60$
TP 85.20$
TP 84$
SL (aggressive) above 88.45$ I SL (conservative) above 88.62$
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.