LTC sits at the 68 S&R zone, and has to hold to bottom to come to 70. It gives a good mean-reverting trade potential with low risk, if BTC sees a bullish breakout.
If BTC breaks bearish, also LTC will probably break the 68 bottom with potential towards the previous bottom at 61-62.
BTW, if you haven't seen it yet, make sure to check out my LTC journaling example. Because compared to 99,99% of the analysts on TradingView, we're actually trading this market ourselves instead of only analyzing, our own money is on the line here! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
If BTC breaks bearish, also LTC will probably break the 68 bottom with potential towards the previous bottom at 61-62.
BTW, if you haven't seen it yet, make sure to check out my LTC journaling example. Because compared to 99,99% of the analysts on TradingView, we're actually trading this market ourselves instead of only analyzing, our own money is on the line here! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
