LTCUSD has presented us with a brilliant looking trade scenario.
Price is trading in a pennant, and will eventually break to the upside or downside.
General rule suggests pennants of this form will break to the upside, but LTC may be due some downside to meet a key level, so we keep the possibility open.
If price breaks to the downside, 180 pips downside...
XRP looks prime for a buy against the US Dollar.
We are looking to catch a rebound off the trend line/support region, up towards $0.32.
Manage Risk & Trade Safe!
