LTC is still holding it's bullish structure, forming a possible 12 hour higher low compared to the last 12 hour low at $124.3 (thick white line). Price also recently took out the previous hourly lows (thin white line) as outlined by the circle. I'm waiting for price to pullback as shown toward $125 - 126 and hopefully starts to bounce from there for some continuation. Very low risk trade as my stop will go under $124.5, and if the 12 hour higher low forms, you can get plenty of upside. LTCBTC also had its first bullish cross between the 12 and 26 eta's in almost 2.5 years. Could be a precursor signal for LTC to bounce strong in the upcoming weeks.
Disclaimer
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.
Disclaimer
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.