LTC broke out of its triangle after 3 years, we re-tested support and now we are trending up.
Possible trade: Entry $62, first target at $68 then $84. Stop loss at $60.
This trade will be invalidated if LTC breaks the curve support in pink and falls lower to re-test again the 3 year triangle support.
Caution: BTC looks bearish and we also have a 4h/1D bearish divergence on RSI on LTC so we may see some corrections still before a pump. Nevertheless LTC bias is overall bullish.
Possible trade: Entry $62, first target at $68 then $84. Stop loss at $60.
This trade will be invalidated if LTC breaks the curve support in pink and falls lower to re-test again the 3 year triangle support.
Caution: BTC looks bearish and we also have a 4h/1D bearish divergence on RSI on LTC so we may see some corrections still before a pump. Nevertheless LTC bias is overall bullish.
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