angela_altair

LTCUSDT above weekly resistance, likely to head to 102

Long
angela_altair Updated   
BINANCE:LTCUSDT   Litecoin / TetherUS
The price has broken out of the weekly resistance WR1 and currently trading above it. It seems that the price wants to aim for the 102 area. Lets long this one on retest of this breakout (somewhere close to the resistance zone WR1).
Comment:
So the price did retest the resistance zone WR1 and provided a good entry. And in line with our expectation, it bounced well after that retest. I hope, now it moves further up towards our target.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.