LTCUSD Weekly Chart January Overview

LTCUSD overall idea is bullish currently accumulating on this weekly/daily timeframe expecting a shift in structure to indicate we are moving higher for the week and possible weeks to come. On the monthly we see this as a continuation in a further higher low that shows basic bullish structure.

• Currently forming TA on Daily/Weekly Chart so short term bullish impulse into bearish rally/dump for this next couple weeks to transition into the ST to indicate progression in our schematic.
  

• Looking for price to react at 155.40 for formation of Thrust and perhaps a distribution on lower timeframes, with confirmations of the schematic in Phase B
  

• Looking for price to react below 40.36 for the formation of the ST however we must form this TA before that
  

Not Financial Advice.
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Phi Traders . Founder - Sayry Llumigusin Parra

Tags(ignore): Wyckoff, Fibonacci , Volume , SMC , Smart Money Concepts, ICT , Inner Circler Trader , Supply and Demand