LTCUSDT at daily support, long favorable towards 91 and up
Updated
So the price has hit the daily support as expected in the last short idea from weekly resistance. Now this is an opportunity favoring long here. I believe the price shall bounce from this daily support. towards the next resistance zone around 91 and probably further up to weekly resistance WR1. It might dip a bit further lower but that should not scare us from this long opportunity.
Trade closed: target reached
The target is achieved for this trade idea. As mentioned, the long was very favorable even though it had a bit of chance to drop a bit lower than the entry. We look for a new setup in a separate post.
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.