LTCUSDT - Trade Opportunity

LTC rejected head and shoulders completion with a solid bounce. Seems to be forming a pennant - look for upward confirmation to the short term channel top ($47-$48) if it can break pennant resistance line

تعليق:

Broke the pennant upwards as predicted- confirmation of breakout when price passes local top (~ $44). Price movement to short term channel top ($47-$48) seems likely once that occurs. If price breaks that resistance, my target is set around $55 (marked as midterm channel top on chart).

RSI neutral value of 52 and upward trend showing room for price growth. Finally, we see a TK cross on the 4HR chart (bullish signal).

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تعليق:

Surpassed the short term channel top with bullish candle. Movement into the mid 50's likely. Longterm bull on LTC given all of these bullish signals.