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LTCUSDT - Short| Resting Liquidity
In todays analysis - LTCUSDT - Value Area High currently being tested after a strong impulse from the POC, weakness here can lead into a dump.
Today’s report card will include:
LTCUSDT Technical Analysis
Key Technical Levels
Trading Tools/ Education
Trading Psychology
LTCUSDT Short ✍️

In todays analysis - LTCUSDT - Value Area High currently being tested after a strong impulse from the POC, weakness here can lead into a dump.
Points to consider ✍️
Daily Resistance
.618 Fibonacci Support
Value Area Low
Value Area High
Resting Liquidity
The current price action on LTCUSDT is at an area of local resistance that is in confluence with the .618 Fibonacci, Value Area High and the Daily Resistance.
A rejection from this area will initiate a bearish expansion towards the Value Area Low - this will complete a range rotation.
Overall, in from Bitcoin Insider’s perspective, LTCUSDT is a valid short with defined risk, price action is to be used upon discretion/ management ✍️
The price objective for LTCUSDT is the .618 Fibonacci, this will challenge the resting liquidity.
Hope this analysis helps.
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X Segment 📰 🗞️
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12:07 AM • Nov 7, 2024
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