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
![LTCUSDT: ✳️Litecoin [LTC/USDT] on August 03 #LTC $LTC #LTCUSDT](https://s3.tradingview.com/n/nqH39q3c_mid.png "✳️Litecoin [LTC/USDT] on August 03 #LTC $LTC #LTCUSDT")
