Hi treaders,
Here it is my idea for a long position on $LTC USD (1 week time frame).
the price hit a local high in July 2023, one in April 2024 and another one in November 2024, after that the price bounce back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 84.31 and 79.77.
We will put our take profit at 115.100 which was the local high in July 2023 and can act as a resistance in the future, the second take profit is more above, at 146.62 .
Good luck!
