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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
LTC has been stuck inside a range between 80.0 and 100.0
π For the bulls to take over from a MACRO perspective, we need a weekly candle close above 100.0
In this case, a movement till the 150.0 would be expected.
π Meanwhile, If we break below 80.0 and lower orange trendline, we will expect further bearish movement.
Which scenario is more likely to happen next? and why?
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich