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$LTC #LTCZ18 - Technical Outlook - Day trader Explains

Hello Lads and Ladies,

As we just had a live call, i want to make a small update on Litecoin. Especially for the trading pair on BitMex.

We have here on the pointed out green points, points of interest of multiple groups.
We just confirmed our previous trend and bounced back up to and above the 61.8% line.
Looking at it from this point on, we have a very strong historical support at 860 for LTCZ18.
Should we mange to have a close within the next 24 hours above it, it will be considered as a solid buy opportunity.
We have tested the 880 resistance but did not manage to hold it long enough. Therefore, we will most likely see a test there again and since we have an uptrend but a horizontal resistance we will most likely get squeezed out of this structure sooner or later. From my point of view, this will be pretty soon.

A nice play out would be towards 870 and then testing the uptrend line crossing 860. If we confirm another confirmation on this one, we will be able to break 880 comfortably and go further THROUGH 900 towards 920. All of this should be playing out within a week.
A break of 830 would confirm the break of the uptrend and most likely bring us back down to 810. Since everything is mooning and we see a lot of positivity coming back in, I expect Litcoin to move pretty soon as well.

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Cheers, TJ