Hey buds,
Taking a look at LTC/USD pair today we can see price is heading for major resistance around the $50 area.
* $50 Physiological price
* Daily 200 EMA currently at $51
* Major Horizontal support that failed around $49-50
I'd be careful longing into this resistance block if you're a conservative trading. If $50 gets smashed to pieces next target would be at $75
Cheers,
Chloster
Taking a look at LTC/USD pair today we can see price is heading for major resistance around the $50 area.
* $50 Physiological price
* Daily 200 EMA currently at $51
* Major Horizontal support that failed around $49-50
I'd be careful longing into this resistance block if you're a conservative trading. If $50 gets smashed to pieces next target would be at $75
Cheers,
Chloster
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.