LTC/USD Can we break the EMA200 or we´ll see more Bearesh signs?

2020年10月2日

LTC/USD
The View at the 1H Chart
Short Term rsiky "bullish" for the next hours then the Bear w´ll come back?!
Wait for Relaod Short Positions. Risk long Scalp !

In the medium timeframes the Moneyflow indicator is going downside and the Momentum is down too.
Hard resistance would be the EMA200 at 45.84 to Reload shorts again and
set a tight stop loss if the EMA will break it will be for short term a bullish sign.
If Litecoin can break that resistance it can get good support from the EMA and much more room to the upside with next resistance at 46.66,
If not, i think we´ll see a huge sell of to the lower 41.XX where hard Resistance will wait. Can the Bull take control back in this area ?
Can the Bull take control back in this area ?
I think till tomorrow evening we´ll see in which dirction the market changes.


RSI 29.09 (bullish)

Expecting start of bull cycle with chance to get more broken downside.
Cylce time 18h

EP-Long-Scalp: 44.16 be carefull!
TP1 Targets UPSIDE: 45.12 - 45.85 Be ware !
SL setup to Short Order! - 44
EP-Short-Scalp: 45.82
SL-Short-Scalp: 46.62
TP Targets DOWNSIDE: 44-14 42.46 - 41.66

************************************************************************
Disclaimer : No financial advise, only for educational purpose
************************************************************************