Litecoin (LTCUSD): Long Trade Explained

snapshot

Hey traders,

As you remember we were looking for buying opportunities on Litecoin after a bullish breakout of a major supply cluster.
Litecoin (LTCUSD): Important Breakout & Bullish Continuation


Retesting the broken supply area, the market is approaching a peculiar confluence zone at the moment.
We see a perfect match between a horizontal daily structure support and a rising trend line.

Our confirmation is the double bottom formation with a neckline breakout on hourly time frame.

Initial target - 228

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Bitcoin (Cryptocurrency)cryptoCryptocurrencycryptotradingLitecoin (Cryptocurrency)LTCUSDMultiple Time Frame AnalysisSupport and ResistanceTrend Lines

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