How to get a GREAT Entry on LTC - Continued

In this idea I will continue the last technical analysis on LTC, but take into considering the new information we just got with Bitcoin going to $40k. Again, he most important thing to consider now is where you would enter LTC.

What I suggest is to do either of the following. In the bullish scenario I suggest you wait for the price to break out aggressively through the horizontal resistance zone near $175. You enter a long near $180 and you close it near $250.

In the bearish scenario you bet on a rejection when the price hits $175 again. The most likely fall will be to the nearest horizontal zone around the $150 level before it will likely rise again in its bullish uptrend.

I tried to make the clear as self-explanatory as possible. In case you have any questions anyway, feel free to drop me a comment below.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!