How to get a GREAT Entry on LTC - Continued

In this idea I will continue the last technical analysis on LTC, but take into considering the new information we just got with Bitcoin going to 40k. Again, he most important thing to consider now is where you would enter LTC.

What I suggest is to do either of the following. In the bullish scenario I suggest you wait for the price to break out aggressively through the horizontal resistance zone near $175. You enter a long near $180 and you close it near $250.

In the bearish scenario you bet on a rejection when the price hits $175 again. The most likely fall will be to the nearest horizontal zone around the $150 level before it will likely rise again in its bullish uptrend.

I tried to make the clear as self-explanatory as possible. In case you have any questions anyway, feel free to drop me a comment below.

Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.

- Trading Guru

--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!