(LTC) Litecoin Price – Potential Bullish Reversal!

The Technical Outlook Of Litecoin Cryptocurrency

LTC is approaching a strong support and round number 100.0 so we will be looking for buy setups
on DAILY: LTC is forming a descending triangle in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, LTC would be overall bearish can still trade lower inside the green support zone or even break it downward.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

The Technical Outlook Of Litecoin Cryptocurrency

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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