Hello!
The LTCUSD is forming a pattern similar to what happened in November-December 2020, then we leftup, the growth accelerated after fixing above $ 87.
Currently, strong support is$ 120, which has already been tested three times since the end of last year, but failed to break through. The nearest resistance is the $ 150 level, an intermediate obstacle, which had been both resistance and support the day before. Further, more serious support - $ 166, the maximum of the last week (if we draw parallels with the previous similar situation, then this level was $ 87, breaking through which we saw an impulse)
Accordingly, in the current situation it would be more correct to wait for confirmation that growth will resume:
Buy part of the planned volume as soon as they overcome $ 150 again, and get the rest of the volume above $ 166
Conversely, below $ 120 there will be a formally bearish signal, with targets below $ 65-70
Good luck to all!
Atvor profile.
