LTC in equilibrium, break coming!
Hey guys, LTC just like big brother BTC is right now in a tightening range on the 4H with 81,8 as resistance & 77,8 as support. A break here is coming rather sooner than later, and will see a big move. Of course, the direction will highly depend on big brother BTC.
A bear break is looking at 73,3 at least. Should those not hold, next supports in the Daily are at 70 & 65 respectively. A bull break could lead at least to the recent highs at 84,5.
=> Since we're in a bearish trend , the break of equilibriums always favors the bears, than it does the bulls. But you still have to wait for a clear break, esp. with those long wicks & fake-outs. So always be more conservative, miss a few percent rather than getting faked out. Set your orders accordingly, and never forget your stop loss. Look at BTC before trading here, LTC isn't going anywhere without big brother. I wish you good luck trading! ;)
If you find my analysis helpful, please like & subscribe, and watch my daily videos, I will be talking about the equilibrium today! ;) (description is in my status)
About myself: Global citizen & early Bitcoin -0.47% adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC -0.47% .
A bear break is looking at 73,3 at least. Should those not hold, next supports in the Daily are at 70 & 65 respectively. A bull break could lead at least to the recent highs at 84,5.
=> Since we're in a bearish trend , the break of equilibriums always favors the bears, than it does the bulls. But you still have to wait for a clear break, esp. with those long wicks & fake-outs. So always be more conservative, miss a few percent rather than getting faked out. Set your orders accordingly, and never forget your stop loss. Look at BTC before trading here, LTC isn't going anywhere without big brother. I wish you good luck trading! ;)
If you find my analysis helpful, please like & subscribe, and watch my daily videos, I will be talking about the equilibrium today! ;) (description is in my status)
About myself: Global citizen & early Bitcoin -0.47% adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC -0.47% .
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