Litecoin at a Crossroads: Re-Test Before The Crossover?
On the LTC/USDT hourly chart, Litecoin is approaching a potential re-test point after a significant breakout of structure (from sideways tunnel). The area just above where the current price is hovering is labeled as a 'Liquidation Zone,' suggesting it's a key level where many stop-losses may be placed.
As we approach this zone, the plan is to observe the market's reaction. We are going to see most likely a nice re-test to that same lower zones before any significant movement here so we are going to wait for price to reach that re-test zone and see how it is going to reach that same zone
Swallow Team
As we approach this zone, the plan is to observe the market's reaction. We are going to see most likely a nice re-test to that same lower zones before any significant movement here so we are going to wait for price to reach that re-test zone and see how it is going to reach that same zone
Swallow Team
Comment:
As long as we are below these liquidity zones, we are looking here for a potential short position! If we see this zone being broken, the long would be more reasonable!
As long as we are below these liquidity zones, we are looking here for a potential short position! If we see this zone being broken, the long would be more reasonable!
Trade closed: stop reached:
What a lovely leg we got here!
What a lovely leg we got here!
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Had a nice touch to our anticipated support zone and a bounce from here!