Hello Community!
Let's take a look at LTC/USDT on the Daily TF. I mapped out the next Support and Resistance that I think we should be paying the most attention to when considering your next trade. Right now LTC looks weak like most of the market and it can continue to fall down to the white support line shown. That would be a good place to consider a Long. If it goes after the greenish diagonal resistant above and shows signs of rejection, then that would be a nice place for a quick short. The Crypto Market follows BTC movements so at the end of the day it comes down to what project you have faith in the most. The main difference is some coins will have stronger movements ( Bullish or Bearish ) based on how BTC moves. If entering a trade don't forget to use a stop loss.
Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Let's take a look at LTC/USDT on the Daily TF. I mapped out the next Support and Resistance that I think we should be paying the most attention to when considering your next trade. Right now LTC looks weak like most of the market and it can continue to fall down to the white support line shown. That would be a good place to consider a Long. If it goes after the greenish diagonal resistant above and shows signs of rejection, then that would be a nice place for a quick short. The Crypto Market follows BTC movements so at the end of the day it comes down to what project you have faith in the most. The main difference is some coins will have stronger movements ( Bullish or Bearish ) based on how BTC moves. If entering a trade don't forget to use a stop loss.
Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins