Not much has been happening with Litecoin recently. We are still under the bearish trendline and we have approached a key structure level. If we break below this level, all the gains from 2021 will have been cancelled!
Either way we can look to make money. Watch for the market to make its move first and then get in on a retest.
SHORT PLAY:
Watch for price to break below 119 and then enter on the retest of 119
LONG PLAY:
Wait for price to break above the descending trendline and enter on the retest of 149.
Either way we can look to make money. Watch for the market to make its move first and then get in on a retest.
SHORT PLAY:
Watch for price to break below 119 and then enter on the retest of 119
LONG PLAY:
Wait for price to break above the descending trendline and enter on the retest of 149.