Litecoin is looking really good. It can go down one more leg and create a double bottom on support. If it breaks the above resistance it will go to the sky. All the best Traders!!
Best buy /long area in ltc :
1- After break of 52$
2- Or if you bullish signs around 39$ if it dropped to that level
These area were strong previous support/resistance according to history + fibo
Good luck
Bulls deeply need to break this triangle / trend line. ABC correction to the downside is of course done, but there is still pressure from bears. If we drop below A+C wave, i am afraid Litecoin is dead or another deep correction is expected!
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LTCUSDT broke a weekly support and now the price is testing it like a new resistance.
The price creates a bear flag, IF and only IF the price will break the 4h support According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue...
