LTCUSD: Good opportunity for Long
At D1, the cloud is directing upward, indicating an uptrend. The RSI moved down to the level of 50 and the price found support on the Ichimoku cloud.
At H4, the cloud is directing downward, indicating a price correction at the D1 timeframe. Besides, you can see how the Falling Wedge Pattern is being formed and RSI is at the oversold level, which indicates the weakness of sellers.
We recommend buying LTCUSDT at the end of the Falling Wedge Pattern (near the 50% Fibonacci level) and take the profit near the level of 68.
At H4, the cloud is directing downward, indicating a price correction at the D1 timeframe. Besides, you can see how the Falling Wedge Pattern is being formed and RSI is at the oversold level, which indicates the weakness of sellers.
We recommend buying LTCUSDT at the end of the Falling Wedge Pattern (near the 50% Fibonacci level) and take the profit near the level of 68.
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