Trade setup : Price is in a downtrend, however, it's broken back above $70 resistance, which could be a sign of trend reversal. We wait for price to break above stiff resistance at 200-day moving average of $79 to confirm resumption of uptrend. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at...
looking to go long at the buy zone 235
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (180.00). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (180.00). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
LTC has broken the long-term resistance line and the buying pressure is quite good enough to push prices to the 70$ and 85$ zones in August and mid-September. If LTC can break out of the 85$ zone, we will continue holding LTC for the 110-115$ target