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TECHNICAL ANALYSIS.
(MID-TERM) LTCUSD BULLISH BIAS
Technical analysis:
▪️The LTCUSD pair is starting to correct lower after being rejected from the neckline of a large inverted head and shoulders pattern on the one-hour time frame.
▪️Technicals indicators on the one-hour time frame, such as the MACD, could be correcting lower before the next big push higher.
What the possible outcomes are :
▫️In our most likely scenario, the LTCUSD pair will ignite the mentioned inverted head and shoulders pattern and rally towards the $170.00 level.
▫️Alternatively, the LTCUSD pair will pullback towards the $155.00 level once final time and then rally towards the $170.00 resistance area.
Key levels:
Support $155.70 $134.50
Resistance $162.60 $171.00
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