LTCUSD Shorterm Overview: Price reached the supply zone
In general, we do not trade LTCUSD. I just want to take a look at the smaller chart timeframes to reply our crypto trading members.
A bullish flag formation on M30 chart. However, the price reached the supply zone as well.
We see the fractal line somewhere 98.50. If the price breaks above 98.50, LTCUSD may test 100.00, 101.53 and 103.13
If it fails to break above, 95.31, 93.75 and 92.19 will be the targets.
Update: As seen in the below chart, the price rejected and reversed at the fractal structure. 95.31 has been reached.
96.20 is our key level. If it fails the break above further decline is possible with the targets 93.75 and 92.19
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
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