LTCUSDT to hit weekly support and bounce
Updated
The price hit the monthly and weekly resistance confluence MR1+WR1 and got rejected from there. Currently the price is facing pullback due to that rejection. Next signifiant support is the weekly support where the price is likely to be headed. I expect the price to touch this weekly support zone for a good bounce. By the way, prospect of this one is looking good as it has pushed itself up strongly and moved beyond the downward trend line. The next strong support level is weekly support WS2.
Note
As per our expectation, the price did visit the weekly support. This support held the price and provided the bounce. The price is now trading above this support and looks good for a visit to the confluence of monthly and weekly resistance around 113-123.Note
As per our expectation, the price did visit the weekly support. This support held the price and provided the bounce. The price is now trading above this support and looks good for a visit to the confluence of monthly and weekly resistance around 113-123.
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