LTC is trying to break the previous resistance to achieve $400
LTCUSDT on 4H is looking to break the previous resistance level, where it is trading currently. If it is able to do that, it can see a good leg upwards and try to make a new ATH breaking the previous one.
RSI is trying to visit the overbought zone for the third time in 3 days and it looks like, with good volume it will visit this zone and try to achieve $400 which is the next psychological level. MACD line and signal lines are far apart, and could see another leg upwards before the pullback.
On the other hand, if it is unable to break the previous resistance zone, it can visit the immediate support level at $285, and accumulate between $285 and $300 to make a move higher.
Traders can open a long position if it is able to break the current level. Stop loss can be placed at 4% to 6%, which depends upon your risk appetite. Always remember to take profits periodically.
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RSI is trying to visit the overbought zone for the third time in 3 days and it looks like, with good volume it will visit this zone and try to achieve $400 which is the next psychological level. MACD line and signal lines are far apart, and could see another leg upwards before the pullback.
On the other hand, if it is unable to break the previous resistance zone, it can visit the immediate support level at $285, and accumulate between $285 and $300 to make a move higher.
Traders can open a long position if it is able to break the current level. Stop loss can be placed at 4% to 6%, which depends upon your risk appetite. Always remember to take profits periodically.
For more trading ideas follow us.
Visit Tuned to automate your trading strategies.
Happy Trading
Comment:
And it's going up