Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON LTC,
As we can see price is still overall bullish trading inside this channel making clean higher highs and higher lows
However, price is still around a resistance zone, where we will be looking for bearish reversal:
1- For the bears to kick in again, and to have a shift in momentum again we need a break below our major swing low marked in the picture
2-Until that and for the bulls to remain in control we need a break above the marked major swing high and above the resistance zone
Then we will be looking for new longs on the retest.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON LTC,
As we can see price is still overall bullish trading inside this channel making clean higher highs and higher lows
However, price is still around a resistance zone, where we will be looking for bearish reversal:
1- For the bears to kick in again, and to have a shift in momentum again we need a break below our major swing low marked in the picture
2-Until that and for the bulls to remain in control we need a break above the marked major swing high and above the resistance zone
Then we will be looking for new longs on the retest.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Comment:
Telegram channel: t.me/Snipers_F_x