We see the short-term scalp idea on 1H Chart of Litecoin.
* Litecoin is forming up a 1H decline suspension pattern consisting of candles and inside bars.
* Supported by higher on the tails, the pattern implicates a high probability of the price shooting up to the short-term descending trend-line, depicted on the Chart.
* is indicating the oversold condition, while has expanded into the negative territory.
* Allowing for the price to decline further to the Area of Retreat, we divide our Long order in two parts: buy now @$52.30 and buy more to average out if the price retreats to @$51.30 level.
Active trade signal
Buy @ $52.30.
Buy to average out @ $51.30.
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