Litecoin- Buy dips for good R:R
Updated
In my previous Litecoin analysis I said that after finding a strong floor around 100 figure, Litecoin can rise and challenge 120-125 zone resistance.
Indeed, after breaking above consolidation's resistance at 116, LtcUsd accelerated its gans and reached 130 zone, above the mentioned target.
Now a small correction seems to be on cards and this can be a good opportunity to open long trades.
Bulls can target the next resistance at 140 and a drop under 120 would negate this scenario
Indeed, after breaking above consolidation's resistance at 116, LtcUsd accelerated its gans and reached 130 zone, above the mentioned target.
Now a small correction seems to be on cards and this can be a good opportunity to open long trades.
Bulls can target the next resistance at 140 and a drop under 120 would negate this scenario
Note
Target hit
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