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angela_altair

LTCUSDT at monthly support, likely to bounce soon.

Long
Litecoin / TetherUS (BINANCE:LTCUSDT)  
angela_altair  
BINANCE:LTCUSDT   Litecoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators LTC LTCUSD LTCUSDT LTCUSDTPERP ltcusdtlong ltcusdtbuy ltcusdtanalysis
3
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trendanalysis chartpattern indicator ltc ltcusd ltcusdt ltcusdtperp ltcusdtlong ltcusdtbuy ltcusdtanalysis
The price has been going down since it hit the monthly resistance MR1 a few months back. The price came back to monthly support and bounce from there. Now it is experiencing a pullback from that bounce and the price is currently trading at weekly support WS1 which is also close to monthly support MS1. I think the current setup is offering a good long opportunity on high time frame. The last monthly candle close has been bullish and indicates that the current or next monthly candle is going to be a green one. The price is also at the support level which is providing a good confluence. Some indicators are also indicating the direction for the price to be up side in the coming days. There can be a bit of dip into the MS1 but not necessary. Overall it is looking good for a long on high time frame.

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