Similar to Bitcoin, LTCUSD is showing an interesting level to test a Long entry. This is a short term buy opportunity with a combination of: [A. 9 Buy setup] and [B. Nice bounce] on the Fibonacci golden zone retracing the previous move initiated after a sequential S13 Buy signal on July 16. We could see a bounce here back to previous TDST resistances levels.
First TDST resistance @ around 120 USD
Stay caution, the bullish trend that started after the 9 Sell setup on July 18 has just been cancelled on the 4H chart. SL below 86.6 USD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.