Litecoin testing parallel channel support level!

LTCBTC

Its been a while since we don't trade the Litecoin and today might be giving us a potential entry to go long.

Litecoin has been bouncing in this uptrend the whole year and we have witnessed only a couple of false breaks.

Today, the price is at the bottom of the channel line which coincided with Fibonacci level 0.61 and it got and strong rejection, oscillators had been at the oversold section for a while and now might showing signs of going out of that zone.

If the price respect the current support, we are ready with this scalping idea, what do you think?