LTCUSDT is testing a key level right now!

2023년 1월 8일

Litecoin had a false breakout from the weekly support in the 47$ area. The market grabbed new liquidity and started with a consolidation phase until a breakout of the daily resistance of65$ area.
The market is creating Higher High and Higher lows after a sweep of liquidity on 80$ area.

How we can approach it?
At the moment the price is testing a key level, not a trade zone for our Strategy, but I add it to my watch list. The market is creating a potential Rising wedge, between the weekly support. I'm watching the 80$ area resistance and 70$ area support.
If the price is going to have a breakout from the support and retest it as new resistance, I'm going to look for a new short opportunity applying CPS strategy, otherwise, if the price is going to have a clear breakout with volume and confirmations, I could apply the MTB and CPS strategy with a possible target on first supply zone

2023년 1월 9일

노트

I'd like to see a daily close above the daily resistance

2023년 1월 12일

노트

16%

2023년 1월 14일

노트

20%

2023년 1월 22일

노트

The price is testing the weekly resistance as I said

2023년 1월 23일

노트

23%

2023년 1월 29일

노트

27%

2023년 1월 31일

노트

nice profit here, more if the price is going to have a breakout from the supply zone