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.

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 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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Trading Psychology 🧠 

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