LTCUSD moving towards Yellow Support Zone
Updated
LTC is crawling in a small range for last few days. It once again failed to cross 100 MA on H4. On the Daily Timeframe, there is a crossover of 13 DMA on downside breaching 20 DMA. Unless LTC concur the RED Resistance Line on TOP with a cross over of 13 WMA in H4 TF, LTC will continue to struggle. If the weakness continues, it may test the Yellow Support Zone and Blue trendline.
We will be loading our BUYs around that area if LTC finds a support in that region.
We will be loading our BUYs around that area if LTC finds a support in that region.
Trade active
As predicted the downside resumed on LTC Lets see if H4 200 EMA around 200 region holds or breaks. We still expect 181-189 Zone retest before reversal
Trade closed: target reached
As predicted LTC dropped to our BUY Zone @ 188-189
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