LTCUSDT at daily support, long favorable towards 91 and up

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Litecoin / TetherUS (BINANCE:LTCUSDT)

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BINANCE:LTCUSDT Litecoin / TetherUS

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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.

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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.

Penafian

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