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angela_altair

LTCUSDT at weekly resistance and likely to head down

Short
Litecoin / TetherUS (BINANCE:LTCUSDT)  
angela_altair Updated   
BINANCE:LTCUSDT   Litecoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators LTCUSDT Litecoin (Cryptocurrency) LTCUSD LTCUSDTPERP ltcusdtshort ltcusdtsell ltcusdtanalysis ltcusdtidea ltcusdttrade
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trendanalysis chartpattern indicator ltcusdt litecoin ltcusd ltcusdtperp ltcusdtshort ltcusdtsell ltcusdtanalysis ltcusdtidea ltcusdttrade
The price has hit the weekly resistance WR1. The price has momentum and strength. However, I still expect the price to retrace here towards daily resistance. This may provide it the additional strength to move beyond that weekly resistance WR1.
Trade closed: target reached:
So the price has reached the target and has hit the daily support as expected in the post. It took a while but it did reach to the target and that concludes this trade. The price shall bounce from this daily support.l I think briefly it may go under the support but should climb up quickly. I think a long will be favorable here. I will post this long idea in a separate post.
snapshot
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