• LTC/USD is stuck between 50.01 and 55.55. 52.30 represents a support level. Personally, I won't look for new trading opportunities until the rate breaks out of this pattern.
➥ CONCLUSION:
• A valid breakout above 55.55 and R1 (55.66) could lead to long opportunities with a potential target at R2 (58.78).
• A new lower low with a valid breakdown below 50.01 and S1 (49.72), triggers additional declines with a target at the pivot point S2 (46.9).
Good Luck Traders!
➥ CONCLUSION:
• A valid breakout above 55.55 and R1 (55.66) could lead to long opportunities with a potential target at R2 (58.78).
• A new lower low with a valid breakdown below 50.01 and S1 (49.72), triggers additional declines with a target at the pivot point S2 (46.9).
Good Luck Traders!